Representations of the virtual currencies bitcoin and Ethereum stand on a motherboard in this picture illustration taken May 20, 2021. Photo: Reuters
China bitcoin: Inner Mongolia reinforces Beijing’s ban on mining with strict rules as more operators prepare to relocate offshore
- The new rules, up for public comment until June 1, target industrial parks, data centres, telecoms companies, internet firms, and even cybercafes
- Although creating and trading cryptocurrencies is illegal in China, authorities have until recently turned a blind eye to bitcoin miners
Representations of the virtual currencies bitcoin and Ethereum stand on a motherboard in this picture illustration taken May 20, 2021. Photo: Reuters