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Regulations continue to take center stage as miners argue for green energy powered operations, state run TV warns of fraud on Uniswap, and a former banking head claims digital yuan is needed to counter the private sector.
Inside a Bitcoin mining factory Photo: AFP
Officials in Southwest China’s Sichuan Province, a major base for cryptocurrency mining, are apparently mulling more actions against mining operations of Bitcoin and other cryptocurrencies, as they were scheduled to convene a meeting on Wednesday to solicit suggestions from industry players.
The latest efforts by Sichuan local officials come as local governments across the country are ramping up crackdown on cryptocurrency mining, as part of a swift nationwide campaign.
The campaign raised questions and concerns over whether Bitcoin mines will vanish entirely from China, which at the peak accounted for 70-80 percent of the world’s Bitcoin computing power.
At a time when the carbon footprint of crypto mining is in the news, Wrapped has announced the first carbon-neutral, Bitcoin-backed asset. Called the Eco BTC (eBTC), the asset combines Bitcoin and MCO2 (MOSS.Earth Carbon Credits) of the industry-leading environmental platform Moss Earth in a sin