Chinese crypto journalist Colin Wu attributes the ongoing witch-hunt against cryptocurrencies in China to the environmental pivot of its policy.
In his latest Twitter post, Mr. Wu shared the opinion of Chinese media outlet Caixin. According to him, this source is the most recognized for local governmental officials.
Caixin, a media most recognized by regulators of China, said: The Chinese authorities have decided to move towards a carbon-neutral green transformation, and they don’t care about so-called “Bitcoin pricing power”. China no longer welcomes the mining farms.
— Wu Blockchain (@WuBlockchain)
