Beijing Tightens Energy Policy with Crypto Mining Crackdown

Beijing Tightens Energy Policy with Crypto Mining Crackdown



Beijing has unveiled a revised strategy for enhancing energy efficiency, which includes definitive steps to eliminate cryptocurrency mining operations. The city's Development and Reform Commission, in collaboration with 11 other agencies, has published a comprehensive memo highlighting their dedication to managing both energy use and carbon emissions more strictly. The strategy accentuates a shift towards more advanced and superior energy-saving practices, aiming to contribute to the development of an eco-friendly civilization and a more picturesque Beijing.



This initiative marks a departure from China's existing general stance against cryptocurrencies, targeting the energy-intensive nature of crypto mining. The city's updated policy introduces a more precise and stringent method to cease such activities, aligning with the country's


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#Beijing, #Bitcoin, #Blockchain, #CryptoMining, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Mining, #News, #Regulations

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