Are crypto media shut down, bad news repeated, are mining laws beneficial? By Cointelegraph
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Shanghai Man: Crypto media closes, bad news is repeated, are mining laws beneficial?
This weekly news search in mainland China, Taiwan and Hong Kong seeks to direct the industry’s most important news, including high-impact projects, regulatory landscape changes and corporate blockchain integrations.
It has now been two months since the crackdown on repression and subsequent enforcement began. Most of the new stories are just the implementation of earlier national policies at the provincial level. The latest example is the Anhui provincial government announced a set of measures to reduce energy consumption, listed among the culprits of cryptocurrency mining. Anhui is a small province in the east of Shanghai, with a rural landscape and agricultural landscape better known for its contributions to China’s economic development. Other provinces, especially those based on coal-fired power, are likely to have similar announcements over the summer, while the central government is pushing for a carbon-neutral future.
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