Sichuan is China’s biggest producer of hydropower, thanks to its long, rainy seasons. — SCMP
Cryptocurrency miners could increasingly be drawn to the Chinese province of Sichuan, potentially boosting trading demand for bitcoin from China, as the local government heeds a call by president Xi Jinping to step up blockchain development.
Xi told the Communist Party’s Central Committee last week that China should expedite the development of blockchain technology and actively integrate it into its economy. And over the weekend, Jiang Yang, a former vice-chairman of top regulator China Securities Regulatory Commission, told a town hall meeting in Beijing tasked with steering the strategic development of the province that Sichuan should continue to tap cheap hydropower to support blockchain and digital currency development.
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