Butuo County in Sichuan Province has just issued a total ban on cryptocurrency mining activities, deeming them outdated financial practices that violate local regulations. This measure follows multiple issues raised by the mining sector: excessive energy consumption leading to drastic power reductions, overloads on internet infrastructure, and significant financial risks for residents involved in these unauthorized activities.

Regional authorities have implemented enhanced surveillance measures and strongly encourage citizens to report any clandestine mining operations. This initiative by Butuo is part of a broader effort to regulate crypto activities in China, where authorities consider such mining operations outdated in light of contemporary environmental and social concerns. Offenders will face legal prosecution and strict administrative sanctions.