Sichuan Province intensifies its crackdown on cryptocurrency mining. Local authorities in Butuo County have just announced a formal ban on all forms of virtual currency mining, labeling them as unregulated financial activities with significant risks. Regional officials emphasize the concrete threats associated with these practices: drastic reductions in credit lines, power outages, internet disconnections, and potential legal actions against participants in these operations. To effectively combat this phenomenon, Sichuan authorities are increasing their surveillance of affected areas and calling on citizens to report any suspected clandestine mining activities. This combined approach aims to gradually eradicate unauthorized mining in the region.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)