NDRC: China strictly prohibits virtual currency "mining" activities through data centers

On September 24, the official website of the National Development and Reform Commission issued the "Notice of the National Development and Reform Commission and Other Departments on Regulating Virtual Currency "Mining" Activities” . The Notification clearly requires that it is necessary to strengthen the supervision and investigation of virtual currency "mining" activities, clearly distinguish the boundaries between "mining" and blockchain, big data, cloud computing and other industries, and guide related companies to develop high-tech industries with low resource consumption and high added value. It is strictly forbidden to use the data center to carry out virtual currency "mining" activities. It is forbidden to promote or expand virtual currency "mining" projects in the name of developing digital economy and strategic emerging industries.