China broadens crackdown on crypto mining industry


In recent months, several Chinese provinces have ordered mines to close as Beijing turns a sharp eye to the industry. – EPA pic, June 21, 2021.

CHINA has broadened a crackdown on its massive cryptocurrency mining industry with a ban on mines in a key southwestern province.

Chinese mines power nearly 80% of the global trade in cryptocurrencies despite a domestic trading ban since 2017, but in recent months several provinces have ordered mines to close as Beijing turns a sharp eye to the industry.


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