🇨🇳CHINA REINFORCES CRYPTO MINING CRACKDOWN\n\nChina’s eight major government departments have pledged to continue their crackdown on virtual currency mining, citing concerns over energy consumption, carbon emissions, and financial risk.\n\nKey implications:\n\n➡️ Domestic crypto mining has virtually no policy room left\n➡️ Regulatory focus remains on energy security and financial stability\n➡️ Hashrate migration and offshore compliance will keep accelerating\n\nFor miners and mining capital, global deployment and regulatory alignment are no longer optional — they are strategic necessities.\n\n#Bitcoin #Mining