China Prepares to Limit Bitcoin Miners’ Power Usage: Report

The post China Prepares to Limit Bitcoin Miners’ Power Usage: Report appeared first on CCN

The People’s Bank of China (PBOC) has reportedly claimed it can pressure local governments in the country to regulate bitcoin miners’ power usage. Reuters is reporting that China’s central bank has told members of the Leading Group of Beijing Internet Financial Risks Remediation in a meeting that it can ‘tell’ local governments in Chinese provinces

The post China Prepares to Limit Bitcoin Miners’ Power Usage: Report appeared first on CCN

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