{"id":38140,"date":"2021-03-01T16:14:49","date_gmt":"2021-03-01T14:14:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38140"},"modified":"2025-08-30T03:07:39","modified_gmt":"2025-08-30T00:07:39","slug":"media-inner-mongolia-authorities-propose-banning-cryptocurrency-mining","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-inner-mongolia-authorities-propose-banning-cryptocurrency-mining\/","title":{"rendered":"Media: Inner Mongolia authorities propose banning cryptocurrency mining"},"content":{"rendered":"<p>Authorities in China&#8217;s Inner Mongolia Autonomous Region in the north are examining the possibility of banning cryptocurrency mining. Colin Wu reported this.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Breaking: China\u2019s Inner Mongolia is demanding that all cryptocurrency mining projects be cleared by the end of April. Due to China\u2019s commitment to the world\u2019s carbon emission target in 2020, the mining of thermal power in Inner Mongolia and Xinjiang will be greatly affected. <a href=\"https:\/\/t.co\/iaAR5kWoBY\">pic.twitter.com\/iaAR5kWoBY<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1366301316734017546?ref_src=twsrc%5Etfw\">March 1, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the journalist, the initiative aligns with China\u2019s plan to curb carbon emissions. The move would also affect miners from Xinjiang, Wu added.<\/p>\n<p>It concerns a <a href=\"http:\/\/fgw.nmg.gov.cn\/xxgk\/zxzx\/tzgg\/202102\/t20210225_156785.html\" target=\"_blank\" rel=\"nofollow noopener\">proposal<\/a> from the Inner Mongolia Development and Reform Commission (DRC). According to the document, the restrictions will enable the region to meet energy-resource conservation targets in line with China&#8217;s 2021-2025 economic plan.<\/p>\n<p>The authorities proposed to ban activity in energy-intensive sectors, including mining. The plan is to close mining farms by the end of April 2021.<\/p>\n<p>The DRC will complete the public consultation on the draft regulation by March 3, after which a decision will be taken.<\/p>\n<p>In September 2019, authorities in Inner Mongolia decided to restrict cryptocurrency mining. Bitcoin\u2019s price fell by $500 in an hour.<\/p>\n<p>Earlier in August 2020, the autonomous region <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-miners-in-chinas-inner-mongolia-to-face-a-30-rise-in-electricity-tariffs\">scrapped<\/a> electricity subsidies for miners. The tariff rose by about 30%.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Authorities in China&#8217;s Inner Mongolia Autonomous Region in the north are examining the possibility of banning cryptocurrency mining. Colin Wu reported this.<\/p>\n","protected":false},"author":1,"featured_media":38141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[133,1306],"class_list":["post-38140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-china","tag-mining-ban"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38140"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38140\/revisions"}],"predecessor-version":[{"id":38142,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38140\/revisions\/38142"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38141"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}