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China will crack down on virtual currency mining, according to the National Development and Reform Commission

via:央视新闻     time:2021/11/16 13:06:57     readed:98

According to the press conference held by the National Development and Reform Commission (NDRC) today,China will focus on industrial-style centralized "mining", state-owned units involved in "mining" and bitcoin "mining" to comprehensively regulate virtual currency "mining" activities.

As a specific kind of virtual goods, virtual currency is not issued by monetary authorities and is not a real currencyVirtual currency-related business activities are illegal financial activities. At the same time, virtual currency mining consumes a lot of energy and carbon emissions, which does not play a positive role in promoting industrial development and scientific and technological progress.

China has explicitly added virtual currency "mining" activities to the list of "eliminated category" in the Guidance Directory for Industrial Structure Adjustment (2019 Edition), requiring effective measures to comprehensively regulate virtual currency "mining" activities.

Meng Wei, spokesperson for the National Development and Reform Commission: The next step,We will focus on industrial centralized "mining", state-owned units involved in "mining" and bitcoin "mining" to carry out a comprehensive rectification.For the implementation of residential electricity price units, if found to be involved in virtual currency "mining" activities, will be studied to impose punitive electricity price, forming a continuous crackdown on virtual currency "mining" activities of high pressure situation.

(CCTV reporter Sun Yuan)

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