The Chinese press have been carrying reports on BTC mining and moves from the People's Bank of China to ban it

  • Reports of a closed-door meeting at the PBOC last week
  • And then leaks to China Daily that the Bank will tell local governments to oversee an "orderly exit" of cryptocurrency miners

The moves are being couched as concern over the carbon footprint involve d in mining - i.e. huge electricity demands

The reports have been around since last week. They are a bit muddled though, nay saying the moves will China will weigh on the price of cryptos. Which is a bit of a head scratcher, if moves are to limit supply in this wway wouldn't the opposite be true?

Ah well.

Anyway, update on the Bitcoin price chart this week: