More provinces in China join blitz against Bitcoin mining

Beijing is worried that Bitcoin's unfettered growth earlier this year will attract more retail investors in China, say analysts. PHOTO: REUTERS
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BEIJING - Three more provinces in China banned Bitcoin mining last week in the country's efforts to go green and remove the risks to financial stability.

China has been on a Bitcoin blitz since May, when Beijing announced a crackdown on Bitcoin mining and reiterated its ban on cryptocurrency trading.

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