Confirmed: China Orders Yunnan's Bitcoin Miners to Cease Operating By End of Jun

[Tamsialu$$]

China's Bitcoin ban is spreading to Yunnan Province, but the government is doubling down on 'independent' blockchains, in this week's da bing. For the longest time, your correspondent was of the view that China would only crack down on speculative crypto trading, and leave the mining sector alone. After all, mining has been an established money-printing machine for both the miners and local governments that collect tax on it.
But China’s carbon neutrality goal, along with zealous Dogecoin trading, have once again raised concerns with the government at an inconvenient time: the CCP’s 100th birthday on July 1.source