Passion IT Framework China already banned crypto mining. Now it’s cracking down on any holdouts

Thursday, 18 Nov 2021 07:36 am

PassionIT News

On Tuesday, China's government outlined a new phase in its bid to eliminate crypto mining operations from the country. Crypto mining is an "extremely harmful" industry that jeopardizes China's pursuit of carbon neutrality, Meng Wei, spokesperson for China's National Development and Reform Commission, a macroeconomic planning agency, said at a press conference on Tuesday.