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25 June 2021

Yunnan Is the Fourth Province in China to Ban Bitcoin Mining

Yunnan Is the Fourth Province in China to Ban Bitcoin Mining


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Citing a note from BTC.top, a large cryptocurrency mining firm with operations throughout China and North America, Forkast News reports that the Chinese province of Yunnan will soon ban Bitcoin mining.

Last month, China's financial committee included Bitcoin mining in a laundry list of "financial risks" that must be controlled.

Though unstated in the country's 5-year economic plan, it appears that eliminating Bitcoin mining is one route that China's taking to meet this goal.

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