China’s bitcoin crackdown: Fourth-largest bitcoin-producing province joins the country’s moves against crypto mining

Source: Tech – South China Morning PostYunnan provincial authorities issued a notice ordering an investigation into the alleged illegal use of electrical power by individuals and companies involved in bitcoin mining, according to a report by China Securities Journal on Saturday, becoming the latest region to join the country’s crackdown on the practice.The Yunnan Energy Bureau said it would cut the power supply to anyone illegally using electricity for bitcoin mining as well as for such users that evade electricity bills, according…Read More

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