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Indonesia s Law Enforcement Clamps Down on 10 Bitcoin Mining Operations

Indonesian police authorities have reportedly closed down 10 Bitcoin mining operations, accusing the miners of electricity theft amounting to nearly $1 million.

North sumatraSumatera utaraIrjen agung setya imamYi xiaoJiumu group genesis technologyJiangxi provincial political consultative conference party groupSumatra policeNorth sumatra police forceNorth sumatra policeIrjen agung setya imam effendiAgung setya imam effendiBitcoin miningIrjen agung setya imam effendiElectricity theft

Indonesian police shut down 10 Bitcoin mining operations: Report

Indonesian police shut down 10 Bitcoin mining operations: Report
cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.

North sumatraSumatera utaraIrjen agung setya imamK bitmain antminersYi xiaoChangzhou intermediate people courtSumatra policeJiumu group genesis technologyJiangxi provincial political consultative conference party groupNorth sumatra police forceNorth sumatra policeIrjen agung setya imam effendiIndonesian rupiahsBitmain antminersZhangzhou intermediate people

$329M Bitcoin Mining Gets Chinese Official Life in Prison

A Chinese court sentenced a government official to life in prison for illegal business operations involving a $329 million Bitcoin mining company .

Xiao yiHuang yipingJiangxi provincial political consultative conference party groupPeople courtJiumu groupJiumu group genesis technologyPeople bankIntermediate peopleHangzhou cityBankless times

Chinese Official Sentenced To Life In Prison For Supporting Bitcoin Mining Operation And Accepting Bribes

Chinese Official Sentenced To Life In Prison For Supporting Bitcoin Mining Operation And Accepting Bribes
biztechafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztechafrica.com Daily Mail and Mail on Sunday newspapers.

Hong kongXiao yiPeople courtChina central televisionJiumu group genesis technologyChangzhou zhonglou people courtShenzhen shikongyun technologyIntermediate peopleHangzhou cityChinese peoplePolitical consultative conferenceCommunist partyFuzhou cityChangzhou zhonglou peopleTrust reserveKucoin ventures

Mining Bitcoin Comes At Cost

A story out of Cointelegraph indicates that a Chinese official named Xiao Yi has been sentenced to life in prison for mining bitcoin. His operation is thought to be worth US$ 329 million. Yi had apparently assisted Jiumu Group Genesis Technology in Fuzhou, and allegedly worked to hide the operation. China prohibits crypto trading. Exchanges…

Xiao yiJiumu group genesis technology

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