ICYMI – Major China hub for Bitcoin mining issues harshest crackdown measures yet (draft at this stage)

ICYMI – Major China hub for Bitcoin mining issues harshest crackdown measures yet (draft at this stage)

Via state media mouthpiece Global Times in China:

  • North China’s Inner Mongolia Autonomous Region issued what appears to be the harshest crackdown measures yet on mining activities
  • possible revocation of licenses for telecom and internet companies that engage in cryptocurrency mining activities
  • Big data centers and cloud computing firms could also face cancellation of policy support by the government if they engage in cryptocurrency mining activities
  • draft measures at this stage 

BTC price is relatively (for it) stable:

Via state media mouthpiece Global Times in China:

Invest in yourself. See our forex education hub.

About Author

Related posts