News Snapshot:
July 14, 2021 Shanghai (Reuters) – Anhui Province in eastern China has become the latest state to announce a total ban on cryptocurrency mining. The move says it will help alleviate serious power shortages over the next three years. According to a news portal operated by the state-owned Hefei Media Group, Anhui is facing a “serious” supply shortage of electricity and has stopped all crypto mining projects with cleanups aimed at reducing electricity consumption. To do. China’s State Council or Cabinet has vowed to crack down on Bitcoin mining and trading in late May because of potential financial risks. All...
