Beijing will intensify the crackdown on bitcoin mining to protect the country’s financial system, as well as meet its clean energy and reduced carbon emission goals. Photo: Reuters
Beijing will intensify the crackdown on bitcoin mining to protect the country’s financial system, as well as meet its clean energy and reduced carbon emission goals. Photo: Reuters
Bitcoin

China to crack down on mining of cryptocurrencies, delivering a one-two punch to digital tokens after triggering global sell-off

  • The State Council, China’s cabinet, has targeted bitcoin mining enterprises for the first time
  • The latest initiative seeks to protect the country’s financial system, as well as meet its clean energy and reduced carbon emission goals

Beijing will intensify the crackdown on bitcoin mining to protect the country’s financial system, as well as meet its clean energy and reduced carbon emission goals. Photo: Reuters
Beijing will intensify the crackdown on bitcoin mining to protect the country’s financial system, as well as meet its clean energy and reduced carbon emission goals. Photo: Reuters
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