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SAI 'Carbon Footprint' Report: Ways of Energy Transformation Under


Article content
Beijing, China–(Newsfile Corp. – July 27, 2021) – In the context of carbon neutrality, energy saving and emission reduction has become a global trend. Due to its high energy consumption, bitcoin mining has long been criticized by outsiders. It is considered to waste energy while having a large negative impact on climate change. The bitcoin mining industry has further decentralized under policy bans in various countries. Countries such as the United States, Canada, and Kazakhstan have become major destinations for miners to migrate to. At the same time, the profits of overseas mining farms that are still in operation have risen substantially. ....

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Opinion: China's bitcoin crackdown is not its final act | International Financial Law Review


Opinion: China’s bitcoin crackdown is not its final act
Asia editor Karry Lai looks at the steps being taken by the world’s second largest economy to curb the rise of bitcoin in the country, primarily by preventing widespread mining operations
July 19 2021
The Chinese government has made a number of policy moves that reiterate
its stance against cryptocurrencies, especially bitcoin, indicating that strong
enforcement and crackdown will lie ahead. It is sending a clear signal that the
government means business in tackling its carbon emissions, with aims to meet
net zero goals by 2060, and by targeting areas of systemic financial risks. ....

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