The Development and Reformation Commission of China’s Inner Mongolia, previously one of the crypto mining hubs in China, said on Wednesday that it has hired a contractor to help the state monitor for illegal mining operations.
The commission selected Inner Mongolia Mengze Engineering Management Limited, just one week after it opened the bid to the public for applications.
The goal for Mengze — with a $46,000 government budget — is to help the state build up an intelligence and response unit to continuously analyze and spot possible operations that are secretly mining cryptocurrencies in the region.
It’s a sign that China will not ease its crackdown on the crypto mining space in the long term, even though some Chinese Bitcoin and Ethereum miners have quietly resumed operations — mostly in secrecy — now that it has been three months since the initial crackdown.
What’s notable from the bidding document revealed last week is that the Inner Mongolia government is looking for spe
Top 10 DeFi dApps generating an average of $4.8 billion in fees annually
Total fees generated from the top 10 DeFi dApps tracks via DefiLlama will amount to $4.8 billion annually…
