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Walls Close In on Cryptocurrency Miners in Inner Mongolia - The region announces new measures that include revoking a certain telecommunications business license for telecom, internet firms that mine the tokens
THE founder of dogecoin has thanked Elon Musk for tweeting his stance around the popular meme-based currency.Musk tweeted that “no one reports” to
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TechnologyChina's Inner Mongolia escalates crackdown on cryptomining Reuters 3 minute read China's northern region of Inner Mongolia escalated a campaign against cryptocurrency mining on Tuesday, publishing draft rules to root out the business, days after Beijing vowed to crack down on bitcoin mining and trading. The Inner Mongolia Development and Reform Commission said in the proposed rules that telecommunications companies and internet firms which are engaged in cryptomining will see their business licenses revoked by regulators. It also said that authorities would introduce tougher energy-...
China's Inner Mongolia set to impose eight measures on crypto mining ban Download PDF / Print Quick Take The Inner Mongolia Development and Reformation Commission issued a proposal on Tuesday that outlined eight areas that could be deemed as illegal that relate to crypto mining activities. It is the first, more concrete proposal to emerge four days after a Chinese State Council committee raised the subject of a bitcoin trading and mining crackdown during a recent meeting. The government of China's Inner Mongolia region has proposed eight new measures to phase out crypto mining activities. The...