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China's Sichuan energy regulator to gather info on cryptomining - official

China's Sichuan energy regulator will soon hold a meeting with local power companies to gather information on cryptomining, an official said.

FILE PHOTO: A small toy figure and representations of the virtual currency Bitcoin stand on a mothe
FILE PHOTO: A small toy figure and representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/Illustration

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SHANGHAI: China's Sichuan energy regulator will soon hold a meeting with local power companies to gather information on cryptomining, an official said.

China has vowed to crack down on bitcoin mining and trading, and Sichuan is a big cryptomining province.

The official confirmed the meeting after media reports that the Sichuan Energy Regulatory Office of National Energy Administration will hold a seminar on cryptomining on June 2.

(Reporting by Shanghai Newsroom; editing by John Stonestreet)

Source: Reuters