News Snapshot:
New Delhi, (Asian independent) The Chinese authorities said on Friday that all cryptocurrency-related businesses are illegal and called for the exit of cryptocurrency mining projects. Up to three-quarters of the world’s supply of bitcoin has reportedly been produced in China, but the process consumes vast amounts of electricity, and energy produced by coal-burning plants is a massive contributor to air pollution, Global Times reported. Over the past several months, several large virtual currency mining centres in China, including in southwest China’s Sichuan Province and north China’s Inner Mongolia Autonomous Region have announced to shut down cryptocurrency mining projects partly out...
