May 2021
The authorities ban financial institutions and payment gateways from offering services related to crypto . The authorities also warned against speculative cryptocurrency trading .
June 2021
The government seeks the end of Bitcoin mining hardware in the Sichuan province and Inner Mongolia , citing environmental pollution and excessive resource consumption as reasons .
July 2021
China ’ s central bank shuts down a company that allegedly provided software services for virtual currency transactions . It also tightens the warnings for institutions .