National Development and Reform Commission: Comprehensively rectify the behavior of state-owned units “mining” and Bitcoin “mining”!

Keyword “mining”

China Net, November 16 (Reporter Peng Yao) The National Development and Reform Commission held a press conference on the 16th. Meng Wei, the spokesperson of the National Development and Reform Commission, said that virtual currency “mining” behavior is extremely harmful and will be used in the industry. Centralized “mining”, state-owned units involving “mining” and Bitcoin “mining” are the focus of comprehensive rectification.

Virtual currency is a specific virtual commodity that is not issued by the monetary authority, is not legally compensatory and compulsory, is not a real currency, and should not and cannot be used as currency in the market. In September of this year, the People’s Bank of China and relevant departments issued a notice stating that virtual currency does not have the legal status equivalent to legal tender, and its related business activities are illegal financial activities. There are legal risks involved in virtual currency investment transactions.

Meng Wei pointed out that because virtual currency-related business activities are illegal financial activities, virtual currency “mining” behavior is extremely harmful. Virtual currency “mining” consumes a lot of energy and carbon emissions, and does not have a positive driving effect on industrial development and technological progress. In addition, the risks derived from the production and transaction of virtual currency are becoming more prominent. Its blind and disorderly development is highly effective in promoting the economy and society. Quality development and energy conservation and emission reduction have brought serious adverse effects.

Remediation of virtual currency “mining” activities is of great significance to promote the optimization of my country’s industrial structure, promote energy conservation and emission reduction, and achieve the goal of carbon peak and carbon neutrality on schedule. The National Development and Reform Commission, together with the Central Propaganda Department, the Central Cyberspace Administration of China, the Ministry of Industry and Information Technology, and other relevant departments jointly issued the “Notice on Renovating Virtual Currency “Mining” Activities”, clearly adding virtual currency “mining” activities Entry into the “elimination category” catalog of the “Industrial Structure Adjustment Guidance Catalog (2019)” requires effective measures to be taken to comprehensively rectify virtual currency “mining” activities.

On November 10, the National Development and Reform Commission organized a video conference on the governance of virtual currency “mining” to report on the monitoring and rectification of virtual currency “mining”, and deployed the next phase of work, requiring all provinces, regions and cities to effectively assume territorial responsibilities , Establish systems and monitor, clean up and rectify virtual currency “mining” activities in the region, and strictly investigate and punish the “mining” activities involved in the computer rooms of state-owned units.

Meng Wei introduced that in the next step, the National Development and Reform Commission will focus on industrial centralized “mining”, state-owned units involving “mining” and Bitcoin “mining” as the focus to carry out comprehensive rectification. For units that implement residential electricity prices, if they find that they are involved in virtual currency “mining” activities, they will study the imposing of punitive electricity prices on them, forming a high-pressure situation that continues to rectify virtual currency “mining” activities.

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