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May 27, 2021 After barring the use and trading of cryptocurrency, Beijing has indicated that it will turn next to cryptocurrency mining. China’s vice-premier Liu He last Friday said the government would clamp down on bitcoin mining and trading to achieve financial stability but stopped short of revealing specific policies. This week, Inner Mongolia, an autonomous region in northern China, issued draft guidelines on its plans to ban crypto mining, offering the first details about how authorities intend to execute this latest stage of the crypto crackdown. Under the rules, big data centers an...

China's Inner Mongolia issues tough rules on bitcoin mining Quartz 2 days ago Jane Li © Provided by Quartz Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. After barring the use and trading of cryptocurrency, Beijing has indicated that it will turn next to cryptocurrency mining. China’s vice-premier Liu He last Friday said the government would clamp down on bitcoin mining and trading to achieve financial stability but stopped short of revealing specific policies. This week, Inner Mongolia, an auto...

Inner Mongolia in March announced plans to ban new cryptocurrency mining projects and shut down existing activity to cut down on energy consumption.

China's northern region of Inner Mongolia escalated a campaign against cryptocurrency mining on Tuesday, publishing draft rules to root out the b

THE cryptocurrency market is staging a comeback, with the price of Bitcoin up 5% to $40,331.64 after it suffered its worst week of the year.The latest