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 .
Chinese authorities have begun to shut down bitcoin mining operations in a tightening of the crackdown already resulting in cryptocurrency exchanges being shuttered. 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.