China Begins Implementing Government Decisions to Stop Bitcoin Mining

The authorities in China’s Zhangjiajie Province on Wednesday issued a notice to officials in one of the prominent bitcoin mining centers in the region to stop all their activities related to mining bitcoin and cryptocurrencies.

The notification to the authorities stated that the new instructions were based on the strict measures imposed on bitcoin trading and mining, which were announced during the Chinese State Council meeting last month, and those decisions had caused the decline of bitcoin and alternative digital currencies strongly during the past weeks.