Chinese province of Yunnan to ban crypto mining

The southwestern Chinese province of Yunnan is preparing to ban cryptocurrency mining,, one of the country’s major mining pools, told Forkast.News today, citing a screenshot of a notice.

Fast Facts:

  • Yunnan’s energy authority is set to shut down crypto mining in the region, said, following bans imposed in Inner Mongolia, Xinjiang and Qinghai.
  • — whose mining facilities are located mostly in Xinjiang, Yunnan and Sichuan, but also in North America — said that it was concentrating its China mining operations in the southwestern province of Sichuan because of its abundance of hydropower resources. It also said that it would need to speed up shifting its operations to North America.

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