China’s Guangdong Province Orders Fresh Crackdown on Bitcoin Mining

The authorities of China’s Guangdong province have imposed a fresh ban on cryptocurrency mining equipment and ordered confiscations of such equipment where found.

The Guangdong Provincial Development and Reform Commission announced the fresh ban on Saturday, stating that cryptocurrency mining activities cause huge energy consumption and carbon emissions and have a low contribution to national economic activities.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

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