The Chinese city of Beijing recently announced an updated energy-saving implementation plan that includes clear measures to crack down on crypto mining operations.
The plan highlights a commitment to reduce energy consumption and emissions by monitoring, analyzing and “categorically” eliminating crypto mining activities.
This represents a more focused approach to halting mining compared to China’s broader anti-crypto stance. The new directive is in line with national carbon neutrality targets, as many businesses moved overseas following the 2021 mining ban.
Meanwhile, the U.S. Energy Information Administration announced an initiative to collect comprehensive data on energy usage for commercial cryptocurrency mining. The move is aimed at informing regulators of the industry’s environmental impact as digital currencies mature.
China is doubling down on mining regulations, while the United States is taking aggressive steps to make energy use more transparent.
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