China gets tough with trading and mining cryptocurrencies


Source: hexus.net hexus.net

Key Topics in this News Article:

News Snapshot:

China gets tough with trading and mining cryptocurrencies by Mark Tyson on 22 June 2021, 10:11 Add to My Vault : At the weekend, China intensified its efforts in reining in cryptocurrency trading and mining. This act by the communist state, which frowns upon any aspect of the economy which isn't under its control, and is looking to reduce its carbon emissions, has had at least two big effects - an impact on cryptocurrency valuations, and an impact on the pricing of hardware used for crypto-mining. As reported by Hong Kong's SCMP , both of these impacts have been quite...