China State Council calls for crackdown on Bitcoin mining
At a May 21 meeting chaired by Vice Premier Liu He, China's Financial Stability and Development Committee explicitly called for cracking down on Bitcoin mining and trading. The national statement became the policy trigger for provincial shutdowns that rapidly displaced a large share of global hashrate.
At a May 21 meeting chaired by Vice Premier Liu He, China's Financial Stability and Development Committee explicitly called for cracking down on Bitcoin mining and trading. The national statement became the policy trigger for provincial shutdowns that rapidly displaced a large share of global hashrate.
National policy trigger for the year's historic mining exodus; distinct from May 18 financial restrictions and later provincial shutdowns.