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Vice Premier Of The State Council Of The People’s Republic Of China Liu He Announced That He Had Given An Order To Suppress Bitcoin Mining And Trading Activity. The Corresponding Notice Was Published On The Official Website Of The Chinese Government.

Against The Background Of This Announcement, The Price Of Bitcoin Dropped Sharply By 10% From $ 41,750 To Less Than $ 38,000.

As Noted local Journalist Colin Wu, This Is The First Time That Senior Government Officials In China Have Explicitly Called For A Ban On Mining. This Week , News About The Ban On Operations With Cryptocurrency Was Already Received From There , But They Became A Repetition Of Previously Known Information And Did Not Imply An Expansion Of The Restrictions That Had Been In Force For Several Years.

Similar Messages About A Mining Ban In China Have Also Been Published Several Times In The Past, For Example In 2019, But The Industry Has Continued To Work. “news Against (Mining) Bitcoin Appears Regularly, But In This Case It Is Worth Keeping An Eye On. The Chinese Miners I Spoke To Are Now Uncertain About Their Impact, “Said Thomas Heller, Co-founder Of Compass Mining Company.

Sources Also Report that The Ban Applies Only To Miners Who Use The Energy Generated By Coal-fired Power Plants, While The Authorities Themselves Are Interested In Spending The Resources Of Hydroelectric Power Plants And Have Adhered To The Same Position Before.

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