Chinese yuan rises to 31-month high against US dollar on Wednesday

[moniya12]

But it was over as quickly as it had come. The first clear warning came in late February, when authorities in Inner Mongolia proposed banning new crypto mining projects and shutting down the entire industry by the end of April as part of a plan to meet the central government’s greenhouse gas emissions reduction targets. Qinghai, Xinjiang, and Yunnan soon followed suit.

The crackdown eventually reached Sichuan, with authorities ordering all crypto farms, including all those run by Liu, to be shut down by June 20.

Luckily, Liu had the foresight to diversify his investments in early 2019, investing in a variety of sectors, including healthcare, real estate, gaming, and entertainment. After the government announced a crackdown on May 21, he organized teams of employees to scout new locations in North America and Kazakhstan. In mid-June, his company bought an oil field in Canada that could potentially fuel his bitcoin mining business.

In fact, some fossil fuel-rich states in the U.S. are now welcoming crypto operations that can tap into stranded natural gas produced by oil companies. In May, Shenzhen-based Bit Mining Ltd. signed a $26 million deal to build a crypto mining hub in Texas, which is quickly becoming the new crypto capital thanks to its relatively cheap energy and algeria telegram database favorable laws backed by its pro-crypto governor, Greg Abbott.

The news item “China: The Fall of the Last Mining Haven” was prepared by the PRC.TODAY Portal based on materials from Caixin news agency correspondents – Xiao Hui and Kelsey Cheng.

"Such behavior 'seriously harms' people's personal and property rights and undermines social order, making regulation urgently needed," Guo said.

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“Applications should not ‘compulsorily’ request irrelevant personal information,” said Chen Longye, another court official. Those who want to collect data on individuals should ask individuals for specific consent for each data processing operation, rather than notifying them through general consent methods, he said.

[yadaysrdone]

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