BEIJING—Bitcoin can’t catch a break in China. Chinese authorities ordered the closing of operations that create a large share of the world’s supply of bitcoin, tightening a clampdown that has already shuttered exchanges for the trading of cryptocurrencies in China. A multiagency government task force overseeing risks in Internet finance issued...
Chinese authorities have begun to shut down bitcoin mining operations in a tightening of the crackdown already resulting in cryptocurrency exchanges being suspended . A multi - agency government task force has ordered local authorities to " guide " the closing down of mining operations Authorities in certain areas of the country , where bitcoin miners have flourished due to cooler temperatures and plentiful electricity supplies , are reported to be complying with the government directive .