China's state planner says it'll charge punitive rates on households mining crypto

Author: Eamonn Sheridan | Category: Cryptocurrency

The National Development and Reform Commission of the People's Republic of China (NDRC) is cracking down on crypto again. 

  • will examine imposing punitive electricity prices on those that are enjoying household electricity prices but found to be taking part in crypto mining activities
  • will launch a comprehensive crackdown on state-owned firms conducting crypto mining and "industrialised and centralised" crypto mining activities

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