China aims at crypto from mining with state-owned companies threatens with punitive measures-mining Bitcoin messages
China aims at crypto from mining with state-owned companies threatens with punitive measures-mining Bitcoin messages
The authorities in China continue to do hard against activities in connection with cryptocurrencies that they consider illegal. The country's highest economic planning committee has clearly signaled that it intends to pursue the large-scale cryptocurrency mining in state-run industrial plants.
state -owned company mining crypto in China must be faced with higher electricity invoices
Chinas National Development and Reform Commission ( ndrc ) on Tuesday announced that it would be focused on the "comprehensive correction" of state industrial companies that are involved in the extraction of digital currencies. The initiative is part of an ongoing via crypto-related operations that are prohibited in the folk republic.
The business planner conducted concerns about the waste of energy in connection with crypto mining and financial activities in connection with cryptocurrencies and confirmed that they are considered illegal in China. Virtual currency did not have the same status as legal currency, emphasized the Commission, cited by CGTN, the international branch of the national broadcaster CCTV.
The NDRC found that the interruption of crypto mining activities for state-owned companies will facilitate the optimization of China's industrial structure. The Commission also believes that this will promote energy saving and reducing emissions and at the same time will help the country to achieve its CO2 neutrality goals.
Digital Coin The embossing uses a lot of energy, the planning authority continues. In order to use state institutions to consume a lot of electricity, those who are now using subsidized electricity for crypto mining could be confronted with higher electricity prices in the future. Meng Wei, a spokeswoman for the NDRC, announced at a press conference that the Commission wants to examine the possibility of the survey of "punitive tariffs" as part of its preventive measures.
At the beginning of October, the National Development and Reform Commission proposed to include mining cryptocurrencies in the latest draft of the country on the “negative list for market access”, which was published together with the Chinese Ministry of Commerce. The step would take the industry taboo for investors. The edition 2020 of the list consists of 123 industries, such as Bitcoin.com News reported .
China banned the trade in cryptocurrencies in 2017, but the authorities only intervened in crypto mining at the beginning of this year. In May the State Council, the ministerial cabinet in Beijing, Sector after President Xi Jinping's promise to reach the country over the next four decades of CO2 neutrality. In September, the People’s Bank of China repeats his hardness Attitude to cryptocurrencies.
Together with the signing of the infrastructure calculation of US President Joe Biden, who affects crypto taxation, the recent announcement of the NDRC in China has probably influenced the cryptocurrency markets, the spoil billion in capitalization. The most important cryptocurrencies fell on Tuesday when the coin was briefly falling below $ 60,000. Bitcoin ( btc ) is traded at a little over 60,500 USD.
Do you expect China to continue his approach to mining cryptocurrencies? Let us know in the comment area below.
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