Xinhua News Agency, Beijing, September 24 (Reporter An Bei) The reporter learned on the 24th that the National Development and Reform Commission and other 11 departments have recently issued a notice on rectifying virtual currency "mining" activities, clearly strengthening the virtual currency "mining" activities. The entire downstream industry chain is supervised, and new virtual currency "mining" projects are strictly prohibited, the orderly exit of stock projects is accelerated, the optimization of the industrial structure is promoted and the goals of carbon peak and carbon neutrality are achieved on schedule.

  According to the notice, virtual currency "mining" activities refer to the process of calculating and producing virtual currency through special "mining machines". The energy consumption and carbon emissions are large, the contribution to the national economy is low, and the driving effect on industrial development and technological progress is limited. In addition, the risks arising from the production and transaction of virtual currency have become more prominent, and its blind and disorderly development will have an adverse impact on the promotion of high-quality economic and social development and energy conservation and emission reduction.

  The relevant person in charge of the National Development and Reform Commission pointed out that, on the one hand, the energy consumption and carbon emission intensity of "mining" activities are high, which will have a greater impact on my country's dual control of energy consumption, carbon peaking, and carbon neutrality goals. The pressure on the security of regional power supply has increased the tension in the supply and demand of related electronic information products; on the other hand, Bitcoin speculation and transactions disrupted my country’s normal financial order, spawned illegal and criminal activities, and became a channel for money laundering, tax evasion, terrorist financing, and cross-border fund transfers. , To a certain extent threaten social stability and national security.

  The notice clearly distinguishes between incremental virtual currency "mining" and existing projects.

It is strictly forbidden to invest in the construction of incremental projects, and it is forbidden to develop virtual currency "mining" projects in any name; speed up the orderly exit of existing projects, and under the premise of ensuring a smooth transition, scientifically determine the exit timetable and implementation path based on the actual conditions of each region.

  The notice requires a comprehensive review of virtual currency "mining" projects, and investment in new projects is strictly prohibited.

Strengthen the dual control of energy consumption in the newly-added virtual currency "mining" project.

The "virtual currency'mining' activity" was added to the "elimination category" of the "Industrial Structure Adjustment Guidance Catalogue (2019)".

Before the addition of listing, the virtual currency "mining" project will be treated as an obsolete industry, and investment will be prohibited in accordance with relevant regulations.

It is strictly forbidden to carry out virtual currency "mining" activities in the name of a data center.

Strengthen the credit supervision of data center enterprises.

Strictly restrict the use of telegraphic equipment and energy by virtual currency "mining" enterprises.

It is strictly forbidden to provide fiscal, taxation and financial support for new virtual currency "mining" projects.

  The notice pointed out that to speed up the orderly exit of stock projects.

Investigate and punish illegal power supply behaviors in accordance with the law.

The virtual currency "mining" project is included in the scope of the implementation of the differential electricity price policy, and the "eliminated" corporate electricity price is implemented.

Virtual currency "mining" projects are not allowed to participate in the electricity market.

Stop all financial and taxation support for virtual currency "mining" projects.

Stop providing financial services for virtual currency "mining" projects.

In accordance with the "Industrial Structure Adjustment Guidance Catalog", it will be eliminated within a time limit.

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