China’s operation against cryptocurrency miners, which has had a great impact on Bitcoin’s price decline, continues unceasingly. In the official statement made by the administration of the country’s Hebei province, it was stated that “virtual currency miners” continue to pose a great threat, and after the investigations, bans and shutdowns will begin again from October.
The following statements were used in the statement made by the Hebei District administration:
“Virtual currency mining is a practice that runs counter to China’s carbon neutral policy. It disrupts the country’s financial order and contains assets that are not clear and have high financial risks. This situation negatively affects economic and social development. It also poses a threat to national security.
Before September 30, relevant institutions are required to audit and verify information systems companies. It is absolutely necessary to prevent companies from using computing power for illegal mining. Party and state institutions at all levels should take the lead here.
This operation requires departments at all levels to report information and promptly report any problems found. Those who illegally mine using computing power and those responsible will be severely punished.
It is important for the public to immediately report the problems they see to the state authorities in terms of the contribution of working together.”
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