China Shuts Down Cryptocurrency Mine In Sichuan

China’s crackdown on cryptocurrencies has found its way to Sichuan, ordering the region to close a key mining hub.

The region is known for mining cryptocurrency using hydropower.

This latest news suggests that China’s displeasure with cryptocurrencies goes beyond cases of using electricity from burning coal.

A joint statement from the Sichuan Provincial Development and Reform Commission and the Sichuan Energy Bureau called for the closure of 26 suspected cryptocurrency mining projects by Sunday.

The notices also instruct Sichuan state power utilities to carry out inspections and corrections, report their results by Friday and also discontinue power to the identified cryptocurrency mining projects.

For more information, read the original story in Reuters.

Top Stories

Related Articles

May 6, 2026 ContentYou're one-step closer! Discover an array of Medicare Virtue agreements on the market.Play with an authorized enrollment partner more...

May 6, 2026 BlogsPatient assistanceThere isn't any location for discrimination, racism and inequality within the medical care Somewhat, individual guarantee funding more...

May 6, 2026 Další dobrou oblastí mimo spolehlivé aplikace jsou moduly proti podvádění a úkryty proti podvádění. Sázkaři mohou používat automaty more...

May 6, 2026 بدء اللعب في كازينو Flames Kirin سريع وسهل. بفضل عملية تسجيل الدخول البسيطة، يمكنك الحصول على مكافأة فورية more...

Jim Love

Jim Is and author and pud cast host with over 40 years in technology.