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在线翻译:
szdaily -> Business/Markets -> 
More regions issue bans on crypto mining activities
    2021-06-16  08:53    Shenzhen Daily

CHINA’S crackdown on cryptocurrencies has spread to the country’s southwest with a campaign against misuse of electricity by Bitcoin miners in Yunnan.

In addition to concerns about the huge amounts of energy needed for the computing power to create cryptocurrencies, the government is also concerned about speculation after a surge in the price of Bitcoin.

China accounts for over half of global Bitcoin production, but some miners have been considering moving elsewhere after the government vowed to clamp down on Bitcoin mining and trading last month.

The energy administration of Yunnan issued a notice Friday, ordering a probe into misappropriation and unauthorized use of electricity by Bitcoin miners, vowing punishment, the Science and Technology Innovation Express News said. A copy of the notice, which sets an end-June deadline, was circulating on domestic social media.

The probe in Yunnan, China’s fourth-biggest Bitcoin mining hub, follows restrictions in several other areas.

The Qinghai office of the Ministry of Industry and Information Technology on Wednesday last week ordered a ban on new crypto mining projects in the province and told existing ones to shut down, according to a notice.

Crypto miners who set up projects claiming to be running big data and super-computing centers will be punished, and companies are barred from providing sites or power supplies to mining activities.

The Development & Reform Commission of Xinjiang’s Changji Hui Autonomous Prefecture also sent out a notice Wednesday, ordering a cleanup of the sector.

Crypto mining projects in Xinjiang’s Zhundong Economic-Technological Development Park were ordered to close.

Xinjiang is China’s biggest Bitcoin mining center, accounting for about a third of total computing power. Qinghai is in ninth place, according to data compiled by the University of Cambridge.

Other local governments have also responded. Inner Mongolia, China’s third biggest mining center, has published draft rules to root out the business and authorities in Sichuan, in second place, have announced a probe into the sector. (SD-Agencies)

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