China, Yunnan To Inspect Bitcoin Mining

China, Yunnan To Inspect Bitcoin Mining



According to a news report by local outlet China Star Market, the Chinese province of Yunnan’s energy bureau has required its subordinate departments to inspect bitcoin mining companies in the region for illegal activities.

The alert detailed that such inspections seek to “severely investigate and punish the illegal acts of power generation companies who use the generated electricity to supply power to Bitcoin mining companies for illegal benefits without permission.”

China has been home to varyingly restrictive measures around bitcoin mining and trading for years. But these regulatory measures have ramped up recently, following a dire statement by the country’s state council in May.



Source link

administrator

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *