Hebei is the latest China province to wield the crypto crackdown hammer


Source: reporterwings.com reporterwings.com

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[Crypto currency] Hebei is the latest China province to wield the crypto crackdown hammer Hebei, a province in Northern China, is its latest jurisdiction to read the riot act to crypto miners and traders. According to Reuters on Tuesday, the province’s cyberspace commission has [announced](//www.reuters.com/article/crypto-currency-china-hebei/chinas-hebei-province-to-clamp-down-on-cryptocurrency-mining-and-trading-idUSL1N2QG0RU?rpc=401&) plans to curtail cryptocurrency mining and trading activities in the region. The move is in tandem with a broader anti-crypto policy in China that has seen most of the country’s cryptocurrency mining establishment [forced to relocate overseas](//cointelegraph.com/news/finding-a-new-home-bitcoin-miners-settling-down-after-china-exodus) . Indeed, these measures resulted in the [largest hash rate drop in Bitcoin history](//cointelegraph.com/news/signs-the-bitcoin-hashrate-is-starting-to-move-away-from-china) as several miners were...