Asian Tech Press -- Anhui, located in eastern China, has become the latest province to announce it will fully clean up and shut down cryptocurrency mining projects, following Inner Mongolia, Qinghai and Sichuan.

Anhui announced on Wednesday that it will strictly restrict newly launched projects that consume large amounts of energy and electricity, build data centers in an orderly manner, and clean up and shut down cryptocurrency mining projects built in various names.

The eastern Chinese province pointed out that in the next three years, there will be a serious situation of power supply and demand, and a large gap in supply security. Therefore, it's imperative to clean up and shut down cryptocurrency mining projects.

On May 21 this year, China's Financial Stability and Development Committee (FSDC), a financial regulatory body under the State Council, held a meeting to clearly propose a crackdown on bitcoin mining and trading, and resolutely prevent the transmission of individual risks to society.

In the month or so since, cryptocurrency mining projects encountered strict regulation at the national level. Local regulators struck hard at bitcoin mining, and the five major Chinese mining hubs, Inner Mongolia, Qinghai, Sichuan, Xinjiang and Yunnan, have launched efforts to clear out cryptocurrency mining projects.