China’s private cryptocurrency sector effectively quashed after Sichuan mining ban, bank trading blocks – The China Project
supchina.com
China’s crackdown on cryptocurrency mining has now shut down more than 90% of the country’s bitcoin production capacity, after a ban on mining in hydropower-rich Sichuan was put in place over the weekend. Additionally, the central bank moved to close remaining loopholes that allowed “cryptocurrency speculation.”

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  • Ploumeister [he/him]@hexbear.netEnglish
    1·
    3 years ago

    IMO the price for graphics cards have already gone down considerably since many cryptocurrency companies have either shut down or shuddered due to this law

    It is confirmed China stands by gamers