China’s Crypto Mining Crackdown Expands to Three More Provinces

China’s restrictions on cryptocurrency mining have continued to expand. CoinDesk today reported that authorities in the Anhui, Gansu, and Henan provinces ordered local mining operations to shut down due to the central government’s policies.

The official motivations behind this crackdown are two-fold. The first is China’s hope to be carbon neutral within five years, and shutting down cryptocurrency mining operations is a quick way to reduce energy usage, at least in the short term. (Although switching to clean sources of power could help achieve the same result.)

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