China Crypto Crackdown: Inner Mongolia authorities seize over 10K crypto mining rigs

Canaan China Crypto Mining Ban RIbmmT

The latest reports from the Inner Mongolia Autonomous Region Bayannaoer City Development and Reform Commission along with other authorities revealed that they have captured 10,100 unregistered mining machines. Furthermore, the authorities announced that Inner Mongolia has also shut down 45 virtual currency mining projects so far, which has theoretically saved 6.58 billion kilowatt-hours of electricity per year, i.e., 2 million tons of standard coal.
According to the authorities, the illegal warehouse was located at the Bayannaoer Economic Development Zone SME Pioneer Park. After investigation, the officials further informed that the confiscated mining rigs were foreign virtual currency mining clearing equipment, that amounted to 1,104 kWh on-site electricity consumption.
Inner Mongolia crypto crackdown Plan of action
The Inner Mongolia Autonomous Region has taken certain steps to curb illegal virtual currency businesses in the area. At the beginning of 2021, the Inner Mongolia authorit

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Źródło: https://coingape.com/china-crypto-crackdown-inner-mongolia-authorities-seize-over-10k-crypto-mining-rigs/

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