The region’s energy bureau will conduct a series of inspections to identify clandestine cryptocurrency mining farms.
The authorities of the Chinese province of Yunnan have warned miners that they must stop mining cryptocurrencies in the region by the end of June.
This information was confirmed by the Energy Bureau of the region, according to Sina . The bureau intends to conduct a series of checks to identify miners who are engaged in illegal mining of cryptocurrencies.
Qinghai provincial authorities made a similar decision last week . Officials have called on cryptocurrency miners to cease their activities immediately.
The order to immediately stop the activities of miners was also given by the authorities of the Xinjiang Uygur Autonomous Region. The requirement is related to the May statement by the authorities on the need to combat mining and crypto trading.
At the end of May, Vice Premier of the State Council of the People’s Republic of China Liu He called for tougher regulation of the mining and trading of cryptocurrencies.
After that, miners began to stop work in the country. For example, two large companies, BTC.TOP and HashCow, have suspended their activities.
Also, the cryptocurrency exchange Huobi announced the suspension of cryptocurrency mining. She temporarily stopped serving clients from mainland China.
Later, the Bybit crypto exchange made the same decision. The site will cease serving Chinese residents from June 15, 2021.
