China's crypto crackdown expands as a northern province announces new restrictions on mining and trading in cooperation with Beijing


Source: businessinsider.com businessinsider.com

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China has been clamping down on bitcoin mining. Artyom Geodakyan/Getty Images China's crackdown on cryptocurrency mining has expanded into the northern province of Hebei, Reuters reported Tuesday. The area's cyberspace commission said crypto mining consumes an enormous amount of energy. China is targeting bitcoin mining operations as it works to reduce carbon emissions. See more stories on Insider's business page . China's efforts to restrict cryptocurrency mining and trading have stretched to the northern province of Hebei, where a regulator said it will be a part of broader clampdown, Reuters reported Tuesday. "Cryptocurrency mining consumes an enormous amount of energy,...