Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
The Eastern province of Anhui in China has joined the growing list of Chinese regions to crack down on cryptocurrency mining companies and operations. According to local reports, authorities plan to shut down mining facilities in the province and prohibit new energy-intensive projects to manage the power deficit in the region.
According to a local media house owned by government-affiliated Hefei Media Group, the authorities plan to wean the region of mining facilities to manage the dwindling energy supply over the next three years.
Government officials expect electricity demand in Anhui to spike to 73.14 million kilowatts by 2024. The province currently produces only 48.4 million kilowatts, showing the stark inefficiency of its energy production capacity, which the government seeks to reduce. Aside from banning cryptocurrency mining activities and other energy-intensive projects, the province also plans to adjust electricity pricing to foster more economic power usage.
State Grid Corporation of China Distributes Closure Notices for Cryptocurrency Miners
Global Times, a newspaper manufacturer under the People’s Daily, tweeted about the new development, noting that: “By now, nearly 90% of #China’s #Bitcoin mining capacity has [gotten] shut down.” Although Anhui is not a mining hotspot in China, its decision accentuates the ongoing crypto crackdown in the country, which has seen mining hubs in hotspots like Sichuan, Xinjiang, Qinghai, Yunnan, and Inner Mongolia chase miners away.
Famous Chinese crypto advocate Colin Wu, popularly known as ‘Wu Blockchain,’ tweeted today that the State Grid Corporation of China (SGCC) has issued a closure notice for crypto miners across the country. Wu added that:
“At present, some provinces with insufficient power in China, such as Henan and Anhui, have also begun to implement it.”
The crypto advocate also revealed that Gansu, a Northwestern Chinese province, has received the memo from the SGCC as well. The crypto-journalist noted that the SGCC “manages the vast majority of China’s electricity, but this notification appears to be formal.”
You can purchase crypto coins here: Buy Tokens
- Min Deposit
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- The Lowest Trading Costs
- 50% Welcome Bonus
- Award-winning 24 Hour Support
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus