min to read

2019-09-14 19:04:54




News

Cryptocurrency mining will be restricted in one of The Autonomous Regions of China

Cina vs Mining

min to read

2019-09-14 19:04:54

The authorities of Inner Mongolia decided to limit cryptocurrency mining in the territory of this autonomous region of China.

The authorities of Inner Mongolia decided to limit cryptocurrency mining in the territory of this autonomous region of China. This is reported by Dovi Wang, the Managing Partner  of Primitive Ventures, with reference to local media.

 

 

The authorities will allegedly pay attention to those enterprises that deal with cloud computing, big data as well as own data centers. Miners often hide behind this screen.

 

Apparently, we are talking about the closure of all mining farms in the area. Local regulators believe that cryptocurrencies have nothing to do with the real economy.

 

Earlier, the National Development and Reform Commission of China (NDRC) unveiled a bill, which calls mining "undesirable industry" and proposes to ban.

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