Sichuan targets virtual currency mining

China Daily (Europe) | Jun 24, 2021 at 2:00 AM
  • Sichuan province, often described as one of China’s biggest bitcoin mining centers, has issued a notice designed to stop the practice, extending the clampdown on illegal cyptocurrency practices to a hydropower resource-abundant province, following Qinghai and Yunnan provinces and the Inner Mongolia autonomous region.
  • The notice also calls for a comprehensive investigation in all cities and prefectures to shut down the mining of virtual currencies and bans the approval of such projects.
  • On May 25, the Inner Mongolia Development and Reform Commission made it clear that mining sites such as industrial parks, data centers, self-provided power plants, big data centers, cloud computing enterprises, communication enterprises, internet enterprises and internet cafes would be supervised.