News Snapshot:
Another Chinese province has cracked down hard on cryptocurrency mining, echoing the past few months’ events in a grim reminder of the country’s stance on digital currency. Anhui Province has become the most recent Chinese province to completely ban crypto mining after Sichuan initiated a sweeping ban last month. Other Chinese regions, like Xinjiang and Inner Mongolia, have also created much stricter rules against mining. In the case of Anhui, the province’s authorities claim that the ban is intended to help resolve a total power shortfall in the region that they claim is due primarily to crypto mining. Environmental activists...
