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China’s crackdown on crypto mining extends to three other provinces

China’s restrictions on cryptocurrency mining continue to expand. CoinDesk today Report Due to the policies of the central government, the authorities in Anhui, Gansu and Henan provinces ordered the closure of local mining operations.

There are two official motives behind this crackdown. The first is that China hopes to be carbon neutral within five years. Closing the cryptocurrency mining business is a quick way to reduce energy use, at least in the short term. (Although switch to clean energy Can help achieve the same result. )

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