China shuts crypto mining projects in Southwest
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China shuts crypto mining projects in Southwest

Bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining. Many bitcoin mines in Sichuan were shuttered Sunday after authorities in the southwestern Chinese province ordered a halt to crypto mining, according to a report from the Communist Party-backed newspaper Global Times. CNBC's Eunice Yoon reports
02:19
Mon, Jun 21 20219:08 AM EDT