China’s Setting up a Hotline for Snitching on Cryptocurrency Miners

It’s about to get even harder to mine cryptocurrency in China. The Financial Times reports that the Inner Mongolia Development and Reform Commission (IMDRC) plans to set up a hotline for reporting suspected mining operations.

The report arrived shortly after Reuters reported that China banned financial institutions from offering “clients any service involving cryptocurrency, such as registration, trading, clearing and settlement,” ostensibly to curb speculative trading.

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