Siberia sounds electricity alarm over cryptocurrency crackdown in China

In a letter to Deputy Prime Minister Alexander Novak quoted by the Irkutsk region’s news website, Kobzev raised the alarm over an “avalanche-like increase in electricity consumption by ‘underground miners’ at consumer prices.” The warning to Moscow from Irkutsk region governor Igor Kobzev comes a month after China’s central bank ruled all financial transactions involving cryptocurrencies illegal.…

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