An update on the Bitcoin Mining Council and the China Mining Ban.

This episode is sponsored by Nexo.io and Bitstamp.

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Today on The Breakdown, NLW covers:

• More information about the Bitcoin Mining Council, and why its members say they’re strictly focused on energy transparency
• A new, temporary crypto mining ban in Iran
• The latest on the China mining ban, including new proposed rules from Inner Mongolia, more on-chain data about miner activity, and a very different interpretation of the CCP’s motivations for the current action

See also: Michael Saylor: Mining Council Will ‘Defend’ Bitcoin Against ‘Uninformed’ and ‘Hostile’ Energy Critics

Image credit: Qilai Shen/Bloomberg/Getty Images