China’s Qinghai Province has ordered the closure of all crypto miners. It follows orders issued to other provinces, including Xinjiang and Inner Mongolia, to shut down miners. China’s Qinghai province has banned virtual currency mining operations, a government document announced Wednesday. Qinghai is the newest coal-based crypto mining hub established to completely eliminate the industry. The news comes after another crackdown against some crypto miners in Xinjiang followed Inner Mongolia, which had previously imposed restrictions on miners. The document was published by the Qinghai Department of Industry and Information Technology, part of the provincial government. Local government, central government, high energy-consuming industries, and concern about environmental pollution, as well as maintain financial stability by breaking crypto mining and trading directive, the Council of State, for two reasons cited as to eliminate all mining activities in the province. China’s bitcoin (BTC, -4.6%) miners use a mix of coal and hydropower to power their miners, depending on the season. Coal use in particular has drawn attention from the government, which is trying to reduce its carbon footprint. China’s State Council, one of the country’s highest government bodies, told local governments in May to crack down on crypto mining and trade. The Chinese government has been moving in that direction for some time.
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