Beijing targets crypto mining in revamped energy conservation plan
Beijing released an updated implementation plan for strengthening energy conservation, explicitly stating measures that will crack down on cryptocurrency mining activities. The Beijing Municipal Development and Reform Commission, along with 11 other departments, issued a detailed notice underscoring their commitment to a dual control system of energy consumption and carbon emissions. Beijing, China, requires strengthening the monitoring and Analysis of crypto currency mining activities in 2024 and resolutely cracking down on crypto currency-related mining activities in Beijing in accordance with laws and regulations. https://t.co/uY6eUTc3Vx — Wu Blockchain (@WuBlockchain) February 4, 2024 This plan further emphasizes the transition to a “higher level and higher quality” of energy conservation, in line with the construction of an ecological civilization and a “beautiful” Beijing. Notably, this directive differs from the broad anti-cryptocurrency measur...