China’s Qinghai Province Has Ordered All Crypto Miners to Shut Down

China’s Qinghai Province Has Ordered All Crypto Miners to Shut Down

China's Qinghai province has announced a new ban on virtual currency mining operations, a government document announced Wednesday.

Qinghai is the latest coal-based crypto mining hub that is set to completely eliminate the industry. The news came on the heels of another crackdown notice against some crypto miners in Xinjiang, and follows Inner Mongolia which had previously imposed restrictions on miners..

The document was issued by Qinghai Industry and Information Technology Department, which is part of the provincial government.