In the circular it shared regarding the regulation of energy consumption in the country, China stated that the restrictive attitude towards Bitcoin (BTC) mining should continue.
Beijing Development and Reform Commission published a circular on the implementation plan to further strengthen energy saving. The circular contains many different details regarding electricity consumption across the country this year. cryptocurrency and Bitcoin mining was also mentioned.
In the circular in question, the following applies to cryptocurrency mining activities: that the restrictive policy was successful While expressing the same strict regulations should be continued emphasized. All cities must carry out cryptocurrency mining operations in accordance with the law.cleaning“The request was conveyed with the following expressions:
Implement national requirements, continue to do a good job in correcting cryptocurrency “mining” activities, strengthen the monitoring and analysis, classification and correction of “mining” activities, and resolutely clean up the city’s cryptocurrency “mining” activities in accordance with the law.