China-Singapore Jingwei, December 8th (Xiong Siyi) According to incomplete statistics, 12 provinces have taken measures to rectify virtual currency "mining" activities during the year. Previously, the National Development and Reform Commission and other 11 departments issued a document that listed virtual currency "mining" activities as eliminated Industry.
On December 7, the Supreme People's Procuratorate announced that Xiao Yi, the former vice chairman of the Jiangxi Provincial Committee of the Chinese People's Political Consultative Conference, had been arrested.
The Central Commission for Discipline Inspection previously mentioned that Xiao Yi was abusing his power to introduce and support enterprises to engage in virtual currency "mining" activities that did not meet the requirements of the national industrial policy.
The "Rule of Law Daily" pointed out at the time that this was the first case of a government official in my country being severely dealt with because of a virtual currency "mining" activity.
The so-called virtual currency "mining" activity refers to the process of calculating and producing virtual currency through a dedicated "mining machine", which requires a lot of power resources.
Data shows that the world consumes 134 billion kilowatt-hours of electricity on the "mining" of virtual currencies.
For every bitcoin “produced”, the energy consumed is equivalent to the electricity consumption of a family of three in one year.
In September of this year, the National Development and Reform Commission and other 11 departments issued the "Notice on Renovating Virtual Currency "Mining" Activities", stating that virtual currency "mining" activities consume large amounts of energy and carbon emissions, have low contribution to the national economy, and contribute to industrial development. The leading role of, scientific and technological progress is limited, and the risks derived from the production and transaction of virtual currency are becoming more prominent. Its blind and disorderly development will have an adverse impact on promoting high-quality economic and social development and energy conservation and emission reduction.
The above notice clearly stated that the supplement of "virtual currency'mining' activities" was included in the "elimination category" of the "Industrial Structure Adjustment Guidance Catalog (2019)".
Before the addition of listing, the virtual currency "mining" project is treated as an obsolete industry, and investment is prohibited in accordance with relevant regulations.
According to incomplete statistics, as of 2021, the 12 provinces of Inner Mongolia, Yunnan, Xinjiang, Qinghai, Sichuan, Anhui, Hebei, Jiangsu, Zhejiang, Fujian, Jiangxi, and Hainan have taken measures to rectify virtual currency "mining" activities.
Specifically, Inner Mongolia fired the first shot to clean up virtual currency "mining" projects.
At the beginning of March, the Inner Mongolia Development and Reform Commission issued a draft for soliciting opinions and proposed that the virtual currency mining projects should be fully cleaned up and shut down, and all virtual currency mining projects should be withdrawn by the end of April 2021.
In May, Inner Mongolia successively established a reporting platform for virtual currency "mining" companies and formulated eight disciplinary measures.
Subsequently, Xinjiang, Qinghai, Sichuan, Yunnan and other provinces quickly followed up and carried out virtual currency, especially Bitcoin, "mining" activities to clean up and rectify.
After 11 departments issued the notice, Jiangsu, Zhejiang, Fujian, Jiangxi and other provinces also started to act.
On December 3, the Hainan Provincial Development and Reform Commission clearly implemented a differential electricity price for virtual currency "mining" activities, with a price increase standard of 0.80 yuan per kilowatt hour.
Meng Wei, spokesperson of the National Development and Reform Commission, revealed at a press conference in November that the next step will be to focus on industrial centralized "mining", state-owned units involving "mining" and Bitcoin "mining" as the focus of comprehensive rectification. .
For units that implement residential electricity prices, if they find that they participate in virtual currency "mining" activities, they will study the imposing punitive electricity prices on them, forming a high-pressure situation that continues to rectify virtual currency "mining" activities.
(Zhongxin Jingwei APP)
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