Crypto announcement from China

Uğur Bayram

Sep 9, 2021

The Chinese state power company announced that it will work with crypto mining companies to conduct studies on Bitcoin.

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The Chinese state power company announced that it will work with crypto mining companies to conduct studies on Bitcoin.
According to the announcement, large companies will undergo unannounced audits. They will not engage in any activity with cryptocurrencies such as bitcoin mining and commercial.
The Chinese state-owned power company said crypto's biggest drawback, aside from its unsustainability, is wasteful energy consumption.
As it is known, China recently said that the pressure on crypto money is over and will now go through normal inspections.
He said that China has achieved its goals and now routine operations are started.

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