Shanghai Tries New Tactics to Stamp Out Crypto Mining

What’s new: Shanghai has stepped up a crackdown on crypto mining by instructing data center companies to weed out the power-hungry activity and make a pledge to abide by regulations, according to a notice issued Monday.

Companies running data centers, which provide data processing services, are required to inspect their own operations to seek out and eliminate virtual-currency mining and trading, according to the joint notice from two government departments in the financial hub.