The authorities of Inner Mongolia decided to limit crypto mining in the territory of this autonomous region of the PRC. This was reported by the managing partner of Primitive Ventures Dovey Wan, citing local media.
JUST IN h/t @ChainNewscom— Dovey Wan 🗝 🦖 (@DoveyWan) September 14, 2019
Regulatory bodies from Inner Mongolia will dedicate resources in restricting cryptocurrency mining within the province
Xinjiang and Inner Mongolia are where most coal mining are based of. Tho I doubt this will have any impacthttps://t.co/LGmxpRwPeQ
The authorities allegedly pay attention to those enterprises that are engaged in cloud computing, Big Data, and own data centers. Miners often hide behind this "cover".
Apparently, we are talking about the closure of all mining farms in the area. Local regulators believe that cryptocurrencies have nothing to do with the real economy.