China government deepens crackdown on Bitcoin mining


Source: elevenews.com elevenews.com

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The province of Hebei, in China, which is 300 km from Beijing, is the latest region to create crackdowns on cryptocurrency miners, and it has already started at home. The Network Security and Information Technology Commission, led by the local Communist Party, has given until the 30th of this month for all government departments to check their systems and end any link with “illegal” mining activity. As announced by the Commission on Network Security and Information Technology in its account, “The mining of cryptocurrencies consumes an enormous amount of energy, which is in line with China’s targets for carbon neutralization,”...