Miners began to leave China due to the tough position of local authorities

&NewLine;<&excl;-- Google AdSense AMP snippet added by Site Kit -->&NewLine;<amp-auto-ads type&equals;"adsense" data-ad-client&equals;"ca-pub-7026113949539412"><&sol;amp-auto-ads>&NewLine;<&excl;-- End Google AdSense AMP snippet added by Site Kit -->&NewLine;&NewLine;<p>Two <strong>cryptocurrency mining <&sol;strong>companies <strong>BTC<&sol;strong>&period;<strong>TOP <&sol;strong>and <strong>HashCow <&sol;strong>have already stopped working in the country&period; <strong>Crypto Exchange<&sol;strong> Huobi Announces Suspension of Serving Customers from Mainland <strong>China<&sol;strong>&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Cryptocurrency miners<&sol;strong> have begun to halt operations in <strong>China <&sol;strong>due to a recent call from local authorities to tighten policies on <strong>mining <&sol;strong>and <strong>trading cryptocurrency<&sol;strong>&period; <a href&equals;"https&colon;&sol;&sol;www&period;reuters&period;com&sol;world&sol;china&sol;crypto-miners-halt-china-business-after-beijings-crackdown-bitcoin-dives-2021-05-24&sol;" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">Reuters <&sol;a>&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>According to the publication&comma; the <strong>mining of digital currencies<&sol;strong> has already been <strong>suspended <&sol;strong>by two large companies &&num;8211&semi; <strong>BTC&period;TOP<&sol;strong> and <strong>HashCow<&sol;strong>&period; <strong>Crypto exchange<&sol;strong> Huobi also announced the suspension of <strong>cryptocurrency mining <&sol;strong>and customer service from mainland <strong>China<&sol;strong>&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-text-align-center"><em>&&num;8220&semi;<strong>Cryptocurrency mining <&sol;strong>consumes a lot of <strong>energy<&sol;strong>&comma; which runs counter to <strong>China&&num;8217&semi;s <&sol;strong>carbon neutrality goals&comma;&&num;8221&semi; explained Chen Jiahe&comma; chief <strong>investment <&sol;strong>officer at Novem Arcae Technologies in Beijing&period;<&sol;em><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>May 21 on the need to take measures against of <strong>mining <&sol;strong>and kriptotreydinga said Vice-Premier of the State Council of <strong>China <&sol;strong>Liu He&period; He called for tougher regulation of the <strong>mining<&sol;strong> and trade of <strong>cryptocurrencies <&sol;strong>in <strong>China<&sol;strong>&comma; but did not outline specific measures&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Today&comma; May 24&comma; the <strong>Chinese government news<&sol;strong> agency Xinhua published an article &&num;8220&semi;Urgently Eliminate the Hype and Chaos Around Virtual Currency&comma;&&num;8221&semi; which highlighted four risks associated with <strong>trading <&sol;strong>and using <strong>cryptocurrencies<&sol;strong>&colon; market&comma; transactional&comma; technological and legal&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Amid calls from the <strong>Chinese <&sol;strong>authorities to tighten regulation of <strong>digital currencies<&sol;strong>&comma; the value of <strong>bitcoin <&sol;strong>fell by 12&percnt;&comma; the main <strong>cryptocurrency <&sol;strong>is <strong>trading <&sol;strong>at &dollar; 36&period;6K&comma; according to <strong>CoinGecko<&sol;strong>&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;