China bitcoin mining: Huobi suspends domestic bitcoin mining amid global sell-off, wider Beijing scrutiny

China bitcoin mining: Huobi suspends domestic bitcoin mining amid global sell-off, wider Beijing scrutiny

South China Morning Post - Tech·2021-05-24 17:04

Huobi has become one of the first Chinese-founded cryptocurrency exchanges to halt its domestic bitcoin mining operation

China’s State Council announced last Friday a further crackdown on bitcoin mining and trading

Cryptocurrency exchange Huobi has suspended bitcoin mining services and sales of mining equipment in mainland China, becoming one of the first Chinese-founded platforms to do so, as the price of bitcoin continues to fall after the central government announced a crackdown.

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