US bars imports from 43 companies over forced labor allegations, raising costs for solar-powered Bitcoin miners

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The US Department of Homeland Security added 43 Chinese companies to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List on July 31, marking the largest single expansion since enforcement began in June 2022. The total number of entities on the list now stands at 187, a 30% increase in one day. These companies are linked to forced labor allegations involving Uyghurs in Xinjiang and span sectors including polysilicon, mining minerals, copper, and aluminum. US Customs and Border Protection has reviewed nearly $3.7 billion in shipments under the UFLPA framework since mid-2022. Bitcoin mining operations relying on solar infrastructure and Chinese supply chains now face rising compliance costs and potential supply chain disruptions.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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