Qinghai became the third Chinese province that introduced a ban on mining

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The authorities of the Chinese province of Qinghai introduced a ban on any activity related to cryptocurrency mining.

Western region followed the example of Xinjiang and

In the official statement, the Department of Industry and Information Technologies Zinghaya refers to the concern of the Government of China regarding energy-intensive industries and environmental pollution, as well as the Counseling Directive on Countessing Trade and Cryptovalo Freeding to maintain financial stability in the country.

From now on, local authorities in the region must close all projects related to mining, and cannot issue permits for such activities, as well as report on the activities of the Department. In addition, the Zinc Government will additionally carry out unscheduled inspections of data processing centers and other enterprises using powerful computing equipment.

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