China’s Inner Mongolia has banned cryptocurrency mining and declared it will shut all such projects by April, spurring fears the world’s No. 2 economy will take more steps to eradicate the power-hungry practice.The autonomous region, a favorite among the industry because of its cheap power, also banned new digital coin projects, according to a draft plan posted on the Inner Mongolia Development and Reform Commission’s website Feb. 25. The aim is to constrain growth in energy consumption to about 1.9% in 2021.
India lacks any formal KYC rules or exchange regulations for cryptocurrency and hence exchanges have devised their own rules,Noticing pump and dump manoeuvres by operators in small cap, low trading volumes crypto coins, a cryptocurrency exchange has promptly suspended four accounts,India lacks any formal KYC rules or exchange regulations for cryptocurrency and hence exchanges have devised their own rules.