07 Jan '18, 10pm

China Introduces New Rules for Bitcoin Mining Operations

China Introduces New Rules for Bitcoin Mining Operations

It is evident this sector is a problem for the Chinese government, although most cryptocurrency enthusiasts were well aware that such measures would be introduced sooner or later. Companies which continue to mine – but in a scaled-down manner – will have to adhere to some new conditions. D etails will need to be provided to the government including the business name, registered capital, the number of mining machines, operating income, and so forth. None of these guidelines are overly invasive, although a reduction in the amount of electricity to be consumed will force companies to either scale down or look for new places to set up shop.

Full article: https://themerkle.com/china-introduces-new-rules-for-bitc...

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