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China’s Anhui province closes all mining farms

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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.

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