China’s Ban On Cryptocurrency Mining Expands to Additional Provinces

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Bitcoin miners should probably start thinking about leaving China sooner than later. Reuters said Friday that two provinces, Qinghai and Xinjiang, banned cryptocurrency mining this week due to the country’s broader crackdown on the practice.

Reuters said that the Ministry of Industry and Information Technology office in Qinghai “ordered a ban on new cryptomining projects in the province, and told existing ones to shut down” on Wednesday. A similar order was reportedly issued by the Development & Reform Commission of Xinjiang’s Changji Hui Prefecture.

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