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Overseas Mines Are Witnessing A New Round Of “Gold Rush” While Domestic Mine Policies Are Tightening

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4 years ago

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Domestic policies are getting tighter, sparking waves

On May 18, China Internet Finance Association and two other associations jointly issued “Announcement on the Prevention of Virtual Currency Transactions Speculation Risk”, underscoring the virtual currency transactions speculation risk, implying that virtual currency transactions are illegal in financial activities, and financial institutions and payment agencies should not provide support and services for virtual transactions.

On May 21, Vice Premier of the State Council, Liu He presided over the fifty-first meeting of the Financial Stability and Development Commission of the State Council to study the next phase of financial. The meeting emphasized cracking down on Bitcoin mining and trading practices, and was determined to prevent individual risks from passing on to the society.

With the continuous modification of regulatory policies, domestic mining operators will face a sudden decline in business volume, shortage of funds and other challenges, as the future of mining looks bleak. The stance of the Financial Stability and Development Commission of the State Council on tightening virtual currency mining regulation is due to financial risks and concerns about energy consumption from mining.

Inner Mongolia takes the lead in response

Inner Mongolia became the first place to issue a policy to “crack down on the mining of virtual coins” after the Financial Stability and Development Commission of the State Council stepped up regulation of virtual coins. On May 25, the Inner Mongolia Development and Reform Commission announced eight measures to strengthen the crackdown on virtual coin mining. It not only referred to that industrial parks, data centers, self-owned power plants, internet enterprises, internet cafes and other participants in mining activities will be held responsible according to relevant laws and regulations, but also the related enterprises and personnel of virtual currency mining activities will be blacklisted for discrepancies according to relevant provisions.

Not only that, the individuals involved are equally treated, and the draft notes, public officials, who take advantage of their posts, participate in virtual coin “mining” or provide it with convenience and protection, now come under the scanner.

Whether Sichuan will be the last “resort” is debatable

After the Inner Mongolia article, the mining circle is also waiting to see whether Sichuan will follow the same path. On June 2, Sichuan held a virtual coin “mining” related situation symposium. Many industry insiders said that this meeting is only a research meeting, not decision-making meeting, and its impact on the industry is limited without the changes in the policy. So, it is not clear whether Sichuan will tighten regulations too.

There’s a big difference between hydropower and thermal power mining, and Sichuan already has a lot of abandoned power during the abundant water season, and mining is the most efficient way to use it because it doesn’t require electricity to be transferred, so simply moving the mine to a power-generating location can convert it directly into revenue. Therefore, if Sichuan and Yunnan consider abandoned water consumption factors, in the abundant water period the abandoned electricity can be used for mining, the domestic may still retain some mines. This is the reason why some miners are still waiting.

Opportunities and challenges of “gold rush” overseas

Mining is essentially a manufacturing process for digital currency assets. Given the uncertainty of domestic policy, if there is policy support in North America and other countries, and electricity is cheap and infrastructure is mature, it is a better choice to deploy mines overseas.

Opportunities are often accompanied by challenges, says Liu Changyong, director of the Blockchain Economic Research Center of Chongqing Technology and Business University, where the mines will first consider low electricity prices. In 2018 and 2019, Iran’s electricity prices were very low, but policy was unstable, and some of the mines were even confiscated directly by the government after they were transferred. “It was only later that people discovered that the policy environment was also important. Now it is mainly transferred to the slightly remote places of developed countries, such as Canada and northern Europe, with low electricity prices and relatively stable and friendly policies, and moreover, low temperatures are beneficial for machine cooling.”

Planning ahead, BTC has already started overseas layout

In fact, as early as in April this year, Ms. Meng Xiaoni, vice president of BTCM and chief executive of BTC.COM, expressed her views about the mining “change”. The restructuring of the global energy sector, she argues, is a global revolution that began in 2014, and by 2020, at the 75th UN General Assembly, China’s goal of carbon neutralization has given a crucial signal of huge Chinese capacity, China’s market and Chinese demand, and calls for a more environmentally friendly approach. This is bound to provide great leadership for the global economic industry, but also has a strong butterfly effect, in the future there will be more countries to join the construction group, leading to global economic change.

To this, BTC also lays out overseas early. Moreover, there are frequent actions taken recently!

On May 19, BTCM announced a legally binding investment agreement with Dory Creek, a wholly-owned unit of BitDeer, to jointly invest in an encrypted digital currency mine in Texas. BTCM plans to invest a total of US $25.74 million.

On May 24, BTCM announced that it would set up a mine in Kazakhstan, with a total investment of RMB 60 million, to build and operate a 100-megawatt mine with a Kazakh company. When the mine is completed, the company will hold an 80% stake in the Kazakhstan mine, with a 20% stake in the partner.

BTCM has been advocating low-carbon and environmentally friendly mining. Clean and low-carbon energy accounts for more than 98% of the company’s own mine energy mix after the Texas mine was completed. In the future, BTCM will continue to actively implement the goal of “carbon neutralization” and actively seek more high-quality mineral resources overseas!

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Alex Jacob

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Lounge Lizard Announces Spring 2025 Web Design Scholarship Winner Zoe Webb

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12 minutes ago

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April 30, 2025

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United States, 30th Apr 2025 – Lounge Lizard, a leader in digital marketing and web design for over 25 years, proudly announces Zoe Webb from the University of Georgia as the Spring 2025 Web Design Scholarship winner. Zoe’s impressive portfolio site, zwebbdesign.com, earned her top honors for its clean aesthetic, intuitive user experience, and creative edge, embodying the values Lounge Lizard champions in digital innovation.

The announcement, detailed in a featured blog post on the Lounge Lizard website (read the post here), continues the agency’s ongoing commitment to support the next generation of digital design talent through its biannual Web Design Scholarship initiative. Since its inception, the scholarship has helped numerous students bridge financial gaps and gain visibility in a competitive industry.

Ken Braun, Founder and Chief Creative Officer of Lounge Lizard and an esteemed judge for The Webby Awards, personally reviewed the entries and praised Zoe’s submission.

“Great web design is more than just aesthetics—it’s about creating seamless, engaging user experiences that leave a lasting impact,” said Braun. “Through our scholarship program, Lounge Lizard is proud to support the next generation of designers pushing the boundaries of creativity and innovation in the digital space.”

The Lounge Lizard scholarship is part of the agency’s broader mission to promote creativity, excellence, and accessibility in digital design. As a full-service agency with offices in NYC, Los Angeles, Washington D.C., and other major U.S. cities, Lounge Lizard works with clients across industries to create dynamic branding, web design, and marketing solutions. Learn more at www.loungelizard.com.

In an industry where 94% of first impressions are design-related and 75% of website credibility is attributed to design, according to studies from WebFX and Stanford Web Credibility Research, nurturing design talent has never been more crucial. The U.S. Bureau of Labor Statistics projects a 16% growth in web design jobs by 2032, while 42% of students cite financial constraints as a major barrier to pursuing education in design and tech fields.

“At Lounge Lizard, we believe that investing in young designers is investing in the future of digital innovation,” said Braun. “We look forward to seeing how emerging talents like Zoe shape the industry in the years to come.”

Applications for the Fall 2025 Scholarship are now open and will be accepted through October 2, 2025. The scholarship is open to students currently attending or accepted into accredited institutions in the United States. Interested students can find full eligibility details and submit their applications via the Lounge Lizard Scholarship Page.

With this initiative, Lounge Lizard reaffirms its position as an industry trailblazer—not just in delivering award-winning web design and digital marketing solutions (see services), but also in mentoring and uplifting the next wave of digital professionals.

About Lounge Lizard:
Founded in 1998 by Ken Braun and Sharon Sexton-Braun, Lounge Lizard is a family-owned digital agency known for delivering results-driven branding, web design, and marketing strategies. With over 25 years of experience, the agency has earned accolades across industries and built a legacy of innovation, mentorship, and client success. Lounge Lizard’s mission is to empower businesses and creatives alike with cutting-edge digital solutions and impactful storytelling.

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CWG Markets Awarded Best Online Trading Service Provider UK 2025 by Global Business and Finance Magazine

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27 minutes ago

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April 30, 2025

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PORT VILA, Vanuatu, 30th Apr 2025 – CWG Markets, a leading financial services provider, has been honored with the prestigious title of Best Online Trading Service Provider UK 2025 by Global Business & Finance Magazine. This accolade underscores the company’s dedication to delivering superior trading solutions, cutting-edge technology, and client-centric services in today’s dynamic financial markets.

Regulated by the UK Financial Conduct Authority (FCA) and a member of the London Stock Exchange (LSE), CWG Markets combines stringent regulatory compliance with institutional-grade market access. The company provides a comprehensive range of trading instruments, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies, supported by cutting-edge platforms, tight spreads, and ultra-fast execution. 

Global Business & Finance Magazine grants this award after evaluating key criteria such as customer service excellence, technological innovation, regulatory adherence, and market leadership. CWG Markets’ adherence to these standards has solidified its reputation as a trusted partner for traders worldwide. 

Operating under the oversight of the FCA—one of the world’s most rigorous financial regulators—CWG Markets ensures a secure, transparent, and fair-trading environment. The firm further distinguishes itself through dedicated market analysis, trader education programs, and 24/7 multilingual client support, reinforcing its position at the forefront of the industry. 

For more information about CWG Markets and its award-winning services, visit https://www.cwgmarkets.com/. 

 

About CWG Markets 

CWG Markets is a globally recognized online trading provider, offering access to Forex, equities, commodities, and cryptocurrencies via advanced platforms. Regulated by the FCA and a member of the LSE, the firm prioritizes innovation, security, and client success through competitive pricing, robust technology, and institutional-grade execution. 

 

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Blockchains Finance Expands Global Financial Services Platform with New Institutional Solutions

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2 hours ago

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April 30, 2025

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Blockchains Finance announces the launch of a suite of enhanced institutional-grade financial services, focused on delivering secure, efficient, and client-centric financial solutions to professional markets worldwide.

Blockchains Finance, a leading financial services provider, today announced the official rollout of a new range of institutional solutions aimed at addressing the evolving needs of professional investors, asset managers, and corporate financial entities across global markets.

The Institutional Access The new offering encompasses a range of advanced services, including high-security asset custody frameworks, multi-asset trading solutions, enhanced liquidity access mechanisms, and integrated portfolio management support. Designed to meet the highest operational standards, these solutions enable institutions to efficiently manage their financial strategies while maintaining full operational control and transparency.

“Delivering reliable, client-focused financial infrastructure is crucial to building resilient markets,” said a senior executive at Blockchains Finance. “This initiative reflects a strong commitment to supporting institutional participants by offering robust financial tools tailored to the needs of modern asset management.”

Key features of the enhanced institutional services include:

Comprehensive Asset Safeguarding: Implementation of high-security custody measures designed to ensure full client ownership and operational security.

Scalable Trading Infrastructure: Access to a sophisticated trading environment with real-time execution, dynamic liquidity management, and multi-instrument support.

Portfolio Management Optimization: Provision of flexible tools for asset allocation, risk monitoring, and portfolio performance analytics.

Operational Transparency: Deployment of advanced reporting capabilities, offering detailed transaction records and full client visibility into all account activities.

Dedicated Client Services: Tailored onboarding, multilingual customer support, and individualized relationship management provided by experienced financial professionals.

The expansion of Blockchains Finance’s institutional services underscores its strategic vision to support professional markets with solutions that combine technological sophistication, financial expertise, and operational excellence. By reinforcing trust, transparency, and client empowerment, Blockchains Finance aims to contribute meaningfully to the future of responsible and accessible financial markets.

Future initiatives will continue to emphasize service quality, client-centric innovation, and risk management excellence, ensuring that institutional participants are equipped with the infrastructure needed to succeed in dynamic financial environments.

For more information, visit:

https://www.blockchains-finance.info

https://www.blockchains-finance.wiki

https://www.blockchains-finance.review

https://www.blockchains-fin.cc

https://www.blockchains-finance.pro

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