China's Inner Mongolia set to impose eight measures on crypto mining ban

Quick Take

  • The Inner Mongolia Development and Reformation Commission issued a proposal on Tuesday that outlined eight areas that could be deemed as illegal that relate to crypto mining activities.
  • It is the first, more concrete proposal to emerge four days after a Chinese State Council committee raised the subject of a bitcoin trading and mining crackdown during a recent meeting.

The government of China's Inner Mongolia region has proposed eight new measures to phase out crypto mining activities.

The Inner Mongolia Development and Reformation Commission (DRC) issued