China's province of Hainan reaches for crypto before mining company-mining Bitcoin messages

The province of Hainan in southern China has taken steps to curb the crypto mining activities. In addition to the black list of industry, local authorities also introduce higher electricity tariffs for mining companies that continue to work in the region.

Hainan ensures that crypto miners pay more for electricity

The continuous Get through the smallest and southernmost province in the country, hainan. The coin of the coin preload was recently listed as a "eliminated industry" and the remaining miners in the region will soon be faced with higher electricity invoices.

While China banned crypto -related activities such as trade in 2017, the authorities only intervened this year. In May, the State Council in Beijing, according to President XI Jinping, decided to achieve CO2 neutrality in the next four decades. Provinces like Sichuan , xinjiang , qinghai , yunnan , , anhui , and Hebei have already joined the offensive of the central government.

Companies that still reduce cryptocurrencies in Hainan will have to pay electricity ($ 0.12 $ 0.12) per kilowatt hour (kWh), reported the English-language Global Times, citing the official document of the regional administration. At the same time, the China Southern Power Grid operator keeps a lower price for households in the region, 0.6 yuan ( 0 $.

The Commission also prohibits crypto mining companies participating in the province's power exchange program. The miners were instructed to withdraw from the program in front of a defined deadline, which is not specified in the report. The regulatory authority has also promised to strengthen state supervision of its activities.

The message from Hainan comes according to China's national development and reform commission ( ndrc ) He wants to pursue state industrial companies in mid-November that is involved in the extraction of digital currencies. The push was followed by the NDRC’s proposal from October from October to include crypto mining in the latest "negative List for Market Access" of the country, which would make the industry blocked for investors.

Do you expect more restrictive measures against crypto industries in China like the mining? Share your thoughts on this topic in the comments below.

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