Ethereum mining pool Sparkpool is suspending all Chinese users

TL;DR Breakdown:  Sparkpool will suspend all existing Chinese users on its platform by September 30.The decision follows the recent pronouncements from the PBOC to further intensify the crypto crackdown in the country.Inner Mongolia authorities have also seized 10,100 mining rigs.  The China-based world’s leading Ethereum mining pool provider, Sparkpool is planning to suspend all existing customers from the country, following the latest statements from the authorities on cracking down crypto mining and other related services, including trading.  Sparkpool winds down Chinese support  According to the notice, Sparkpool has already stopped accepting new users from Mainland China since September 24. The decision was made in response to the tougher regulatory measures planned by the Chinese apex bank, the People’s Bank of China (PBOC), to ensure cryptocurrency is outrightly curtailed in the country. BY September 30, all existing Chinese customers at Sparkpool will be forced out from the mining pool services. This covers all the users at home or abroad. The announcement comes “under the premise of ensuring the safety of our users’ assets.” the firm wrote.  pic.twitter.com/hLPamoSwk1— SparkPool (@sparkpool_eth) September 27, 2021 The development has also affected the overall hashing power at Sparkpool, bringing it down by over 6% over the last 24 hours.  China is wiping out crypto mining Crypto exchan...