BlockBeats News, February 6th, the People’s Bank of China and eight other departments issued a notice on further preventing and disposing of risks related to virtual currencies. It mentioned the ongoing crackdown on virtual currency mining activities. The National Development and Reform Commission, together with relevant departments, strictly controls virtual currency mining activities and continuously promotes the rectification of virtual currency mining activities.
Provincial governments are fully responsible for the rectification of mining activities in their respective administrative regions. In accordance with the requirements of the National Development and Reform Commission and other departments in the “Notice on the Rectification of Virtual Currency Mining Activities” (Development and Reform [2021] No. 1283) and the provisions of the “Guidance Catalog for Industrial Structure Adjustment (2024 Edition),” they will comprehensively review, investigate, and shut down existing virtual currency mining projects, prohibit the establishment of new mining projects, and strictly prohibit domestic mining machine manufacturers from providing mining machine sales and other services. (Golden Ten)
