Caixin
Nov 16, 2021 08:10 PM
FINANCE

China Sketches Out Next Phase in Crypto Mining Crackdown

A worker inspects a Bitcoin mining machine in a mining pool in Ngawa Tibetan and Qiang Autonomous Prefecture, Southwest China's Sichuan province. Photo: VCG
A worker inspects a Bitcoin mining machine in a mining pool in Ngawa Tibetan and Qiang Autonomous Prefecture, Southwest China's Sichuan province. Photo: VCG

China’s top economic planning agency has offered more details about how it will fulfill its promise to root out cryptocurrency mining, saying that in the next phase the crackdown will focus on industrial-scale mines and state-owned entities’ involvement.

Authorities will also prioritize the elimination of Bitcoin mining in particular, Meng Wei, a spokesperson for the National Development and Reform Commission (NDRC), told a Tuesday press conference.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China
00:00
00:00/00:00