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PBOC and Seven Authorities Reaffirm Virtual Currency Mining Crackdown

The People's Bank of China and seven other authorities issued a notice on Feb. 6 to further prevent and address virtual currency risks, stating mining rectification will continue, BlockBeats reports citing Jin10. The National Development and Reform Commission, alongside other departments, will strictly control virtual currency mining and advance ongoing cleanup actions, with provincial governments fully responsible for identifying and shutting down all existing projects under NDRC's 2021 Notice No. 1283 and the 2024 Industrial Structure Adjustment Guidance Catalog. The notice also strictly prohibits new mining projects and bans mining machine manufacturers from providing sales and related services within China.
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