China’s Bitcoin mining crackdown reaches Yunnan By BTC Peers – Investing.com

China’s Bitcoin mining crackdown reaches Yunnan By BTC Peers – Investing.com

China's move to clamp down on mining activities has continued to spread across the country with no signs of slowing down. Over the weekend, the anti-mining stance extended to Yunnan, the fourth-largest Bitcoin-producing province.

According to a report from the China Securities Journal, authorities of the province issued a notice ordering an investigation into illegal Bitcoin mining operations over the weekend. They've also threatened to cut power to individuals and companies that may “pose a safety risk related to their electricity usage” by the end of June, the SCMP reported.

Yunnan miners are next in lineA few Chinese provinces such as Inner Mongolia, Xinjiang, and Qinghai have already issued notices ordering Bitcoin miners to shut down part or all of their mining facilities. Yunnan appears to be the next in line, and judging by the precedents, it may not be the last.