China hardens stance on crypto currency mining: ‘not consistent with efforts to save energy and cut carbon emissions’
“Virtual currency mining consumes a lot of energy and results in carbon emissions, which do not play a positive role in promoting industrial development and technological improvements.” China’s top economic regulator announced on Tuesday it will intensify regulation over virtual currency mining as part of the country’s ongoing efforts to save energy and cut carbon emissions. Meng Wei, a spokeswoman for the National Development and Reform Commission, said the commission […]