Friday, 24 March, 2023

China's crackdown on cryptocurrency extends to Sichuan

<p>China&#39;s crackdown on cryptocurrency &quot;mining&quot; has extended to Sichuan. Cryptomining is a big business in China, accounting for more than half of global bitcoin production. But the State Council, last month, vowed to clamp down on bitcoin mining and trading as part of a series of measures to control financial risks. The authorities urged local governments in Sichuan to start combing for crypto-mining projects and shut them down.</p>