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China

Shanghai Man: China’s annual ban explained, ‘crypto crash’ trending … and more

A breakdown of major regulatory announcements in China after latest warning, and a major event at the Shanghai Belagio for the blockchain scene This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations....

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

China is reportedly paying more attention to the crypto mining sector, amid concerns of its growing carbon footprint. 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...

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