Following the lead of Xinjiang and Inner Mongolia, China’s Qinghai province issued a paper ordering the closure of local mining centers.
This morning, the network obtained information concerning a letter sent by representatives of the Shandong Technopark in Xinjiang Province, in which the local department ordered all operations linked to cryptocurrency extraction on its territory to be closed. The term also came to an end today at 14:00 local time.
Given the 15,500 square meter size of the techno-park, this revelation was terrible for his leadership. Furthermore, there are businesses on its territory whose primary activity is directly related to coal extraction and the use of the produced electricity.
The mining in Xinjiang surpassed that of Inner Mongolia, whose authorities led the charge in strengthening regulations to combat digital currency miners. Beginning in March 2021, the miners were forced to depart the region to other provinces.
Trouble does not strike on its own, as you are well aware. The Qinghai Department of Industry and Information Technology made public a paper outlawing mining in the province no sooner than the Chinese crypto community had “digested” the news about Xinjiang. This was driven by concern for the country’s ecological state, as was the case with the State Council of China’s earlier decree.
Authorities in Qinghai have stated that they will take stringent measures against any mining operations in the region and will perform rigorous checks. Companies whose primary business is mining have until June 20 to submit a report to the local energy conservation committee.