Live Breaking News & Updates on Resolutely Cracking Down

The Chinese provincial government of Inner Mongolia has issued a proposal to blacklist the national social credit system to everyone who violates new rulings on Bitcoin mining. Following China’s crackdown on crypto mining, the province wants to punish illegal miners with limited access to financial products and even restrictions on foreign travels, reported local media outlet Weixin.
According to the announcement done during the 51st meeting of the Financial Stability Development Committee of the State Council in Inner Mongolia, the blacklist seeks to punish internet providers and internet cafes who also favor illegal Bitcoin mining within the province. The proposal is named “Inner Mongolia Autonomous Region Development and Reform Commission on Resolutely Cracking Down on and Punishment of Virtual Currency.” ....

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