Chinese officials have stepped up their campaign against cryptocurrency mining, which they view as a “extremely harmful” practise that might jeopardise China’s efforts to reduce carbon emissions. During a news briefing in Beijing Tuesday, Meng Wei, a spokesperson for China’s National Development and Reform Commission, blasted bitcoin mining. According to her, this action consumes a lot of energy and produces a lot of carbon emissions. National Development and Reform Commission (NDRC), will undertake a “full-scale” crackdown on cryptocurrency mining According to Meng, the country’s main economic planner. Additionally, she described the bitcoin industry as “blind and disorderly” and asserted that...