Express

China's Qinghai Province To Shut Down Crypto Mining

Mary Liu

Summary: China gradually intensified its crackdown on mining. The Qinghai Provincial Department of Industry and Information Technology issued a notice on the comprehensive closure of virtual currency "mining" projects, requiring all regions to clean up and rectify related virtual currency "mining" behaviors.  The document said it is strictly forbidden to approve various virtual currency "mining" projects ...

China gradually intensified its crackdown on mining.

The Qinghai Provincial Department of Industry and Information Technology issued a notice on the comprehensive closure of virtual currency "mining" projects, requiring all regions to clean up and rectify related virtual currency "mining" behaviors. 

The document said it is strictly forbidden to approve various virtual currency "mining" projects in various regions, and to shut down all existing virtual currency "mining" projects. 

This action is followed by Inner Mongolia, Xinjiang province's ban on crypto mining. 

By Mary Liu

Last Update:

Tags: ,
Link: China's Qinghai Province To Shut Down Crypto Mining   [Copy]
  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 3 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 4 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 15 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 16 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 18 days ago
  • You need to login to comment.