Press "Enter" to skip to content

China’s Inner Mongolia escalated efforts to crack down on cryptocurrency mining

Last updated on May 27, 2021

Northern China’s Inner Mongolia region has has escalated its endeavours to crack down on cryptocurrency mining with tough new draft rules that propose harsh punishments for anyone engaged in the practice, a move that will accelerate the relocation of mining outside China.

The draft rules includes eight specific measures to monitor and punish certain companies and individuals that are involved in crypto mining activities in the region. 

Targeting industrial parks, data centres, telecoms companies . . .

To continue reading, please subscribe and you will get:

 

  • ORIGINAL, DATA-DRIVEN & IN-DEPTH STORIES 
  • THE WIRE - An all-in-one platform with up-to-the-minute updates of market-moving news and views sources via a network of journalists, traders, brokers, analysts, etc. and from multiple credible news outlets in mainland China. We The Wire 24/7, we walk you through every trading day in mainland China and Hong Kong.
  • DETAILS - General information is everywhere, but information with details is rare.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

Already have an account? Sign In

 

 

Top