In China’s Anhui province, all mining farms will be closed, according to the state-run Global Times. After the message about this, the bitcoin rate dropped below $ 32 thousand, writes RBC Crypto.
On the morning of July 14, the bitcoin rate at the moment dropped to $ 31.6 thousand. As of 10:20 Moscow time, the first cryptocurrency is trading at $ 31.9 thousand, over the past day it has fallen in price by 4%.
State Grid Corporation of China has notified all regions of the country about the need to completely stop mining cryptocurrencies, journalist Willie Wu said.
By now, about 90% of mining companies in China have ceased operations. Calls for the introduction of tough restrictions on mining and crypto trading came from the Chinese authorities back in mid-May. Then bitcoin was trading at $ 40 thousand. In June, four provinces of China completely banned the mining of cryptocurrencies, and banks and other financial institutions of the PRC were banned from conducting operations related to digital assets.
Stay in touch! Subscribe to Cryptocurrency.Tech in Telegram.
Discuss current news and events at the Forum