China shuts down crypto mining in Anhui province


Chinese officials have shut down crypto mining operations in Anhui province, according to a report by Beijing News. The government’s action came after news of a report showing that local residents had complained about the high levels of pollution caused by the rapid expansion of mining operations in the province.

China’s government has decided to shut down cryptocurrency mining in a province in the country. The Chinese government has issued a notice to the authorities in Anhui province, which said that all mining rights have been suspended in the province.

The Chinese government continues its crackdown on the cryptocurrency industry by shutting down cryptocurrency mining in another province.

Authorities in Anhui, a small province in eastern China, have announced a series of measures to cope with rising electricity demand and associated power shortages over the next three years, local news agency Hefei Online reported Wednesday.

As part of Anhui’s efforts to reduce energy consumption, the province plans to halt cryptocurrency mining projects and review new initiatives that require high energy consumption. The local government also plans to introduce new methods of building data centers and promote electricity price reform to optimize energy consumption in the province.

Related: Chinese hydropower plants sold as cryptocurrency miners go abroad

China’s Anhui province is known to have once been one of the poorest provinces in China, before being removed from the country’s official list of poor areas in 2020. Anhui is the eighth most populous province in the country. The province’s electricity system would consist mainly of coal-fired power plants, with some hydro, wind and solar power.

The news comes amid severe restrictions on cryptocurrency mining in China, following a series of similar bans in other Chinese provinces, including Yunnan and Sichuan, one of the country’s largest hydro-based mining centers. In recent months, authorities in Xinjiang, Inner Mongolia and Qinghai have also ordered the closure of mining operations.

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