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SICHUAN MINERS ARE BANNED FROM MINING CRYPTOCURRENCY

... supplies and suspend them. Mining of digital currency has already been banned in three Chinese provinces: Xinjiang, Qinghai and Yunnan. The measures were taken after the May speech of the Vice Premier of the State Council of the People's Republic of China Liu He, who said that the processes of mining and trading of cryptocurrency should be tightened. The authorities explained their position by the fact that because of the digital currency, there is a risk of a collapse of yuan. Now the big miners are leaving China.

Alibaba stops sales of crypto mining equipment

... cryptocurrencies. The company's decision is related to the government's policy aimed at banning digital currencies in China. The Chinese authorities believe that cryptocurrencies lead to financial risks in the economy. A week earlier, the Central Bank of China stated that trading in the market of cryptocurrency, issuing tokens and derivatives would be strictly prohibited. At the same time, Alibaba noted that it would adjust the policies of its platforms in other countries to comply with the control regulations. The company has warned platform ...

KAZAKHSTAN HAS BECOME ONE OF THREE BITCOIN MINING LEADERS

And the share of China's mining fell by almost 50%. This is due to the transition of the majority of earners to another state, anticipating the coming onslaught on the industry. Now about 46% of bitcoins in the world ranking are mined in China, although two years ago ...

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