Encrypted media is closed and bad news is repeated. Is mining law beneficial? By Cointelegraph


People from Shanghai: Encrypted media closes, bad news repeats itself, is mining law beneficial?

This weekly news summary from China, Taiwan, and Hong Kong attempts to plan the most important news in the industry, including influential projects, changes in the regulatory environment, and enterprise blockchain integration.

It has been two months since the start of the cryptocurrency crackdown and subsequent enforcement. Most new stories are now just a trickle of early state policies implemented at the provincial level.The latest example comes from the Anhui Provincial Government because it Announced a series of measures In order to reduce energy consumption, cryptocurrency mining is listed as the culprit. Anhui is a small province east of Shanghai. It is known for its scenic rural landscape and agriculture, rather than its contribution to China’s economic development. As the central government promotes a carbon-neutral future, other provinces, especially those relying on coal for energy, may issue similar announcements in the summer.

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