China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level

September 21, 2022 Bitcoin.com

bitcoin.com

China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this year. Government to Increase Digital Yuan Coverage in 4 Provinces […]

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Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms

December 16, 2021 Bitcoin.com

Agreements

A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the […]

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China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations

December 5, 2021 Bitcoin.com

$POWER

The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners Pay More for Power The ongoing crackdown on cryptocurrency mining in […]

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China’s Hebei Province Begins Crackdown on Crypto Mining and Trading, Reports Reveal

September 16, 2021 Bitcoin.com

administration

Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading. According to a quoted announcement by the region’s cyberspace administration, a number of government agencies are working together to prevent the use of the region’s computing power in the crypto activities which the government considers illegal. Cyberspace Watchdog […]

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Iran Counts 30 Crypto Mining Farms Licensed to Mint Digital Currencies

June 27, 2021 Bitcoin.com

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Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government has put out the data amid a crackdown on illegal miners in the country. A Third of Authorized Mining Farms Are Based in Two Provinces The Iranian Ministry of Industries, […]

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Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight

June 14, 2021 Bitcoin.com

$POWER

Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. […]

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