Currency Economy

Bitcoin mining in China set for ‘stricter supervision’ due to carbon concerns

Cryptocurrency13 minutes ago (Apr 30, 2021 10:00AM ET)Bitcoin mining in China set for 'stricter supervision' due to carbon concerns

Bitcoin mining in China set for ‘stricter supervision’ due to carbon concerns

China’s crypto mining operations may be set for stricter supervision in the future, with the Government reportedly concerned about the energy consumption of Bitcoin mining in particular.

Beijing sent an “emergency notice” to conduct checks on data centres involved in Bitcoin and other cryptocurrency mining operations on April 27, which was reportedly met with some panic in China.

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