June 20, 2021, 2:25 PM
A Chinese city with abundant hydropower is said to have begun a sweeping clampdown on crypto mining firms this week, following an earlier ban from the central government on such activities.
A Ya’an government official has told at least one Bitcoin miner that the city has promised to root out all Bitcoin and Ether mining operations with a year, said a person with knowledge of the situation.
Authorities of Ya’an, located in the southwestern province of Sichuan, pledged at a Thursday meeting to screen and “rectify” all Bitcoin mining firms within its jurisdiction, blockchain news platform PANews reported. Some miners …