CaixinChina sketches out next phase in crypto mining crackdown
Authorities focus on large miners, involvement of state-owned entities
In their crackdown on cryptocurrency mining, Chinese authorities say they will prioritize the elimination of Bitcoin mining, in particular. © Reuters
TANG ZIYI, Caixin
November 17, 2021 11:58 JST
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.