RATE Group | Chinese Region to Shut Down ‘Illegal’ Bitcoin Miners By September
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Chinese Region to Shut Down ‘Illegal’ Bitcoin Miners By September

23 Jul Chinese Region to Shut Down ‘Illegal’ Bitcoin Miners By September

Posted at 13:43h in Bitcoin News by

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China’s Xinjiang Uyghur autonomous region is set to eliminate “illegal” bitcoin mining operations by the end of August, a government agency has confirmed to CoinDesk.

Rumors first emerged online over the weekend after the leak of a government notice issued by Xinjiang’s Economic and Information Commission (EIC) indicating the authority was demanding that local utility companies report and shut down illegal bitcoin mining operations.

An official from the commission – a local government agency focused on technological development – confirmed the authenticity of the document to CoinDesk on Monday, saying it was drafted by the EIC’s unit in charge of the region’s utility issues. No further comments were provided.

According to the document’s definition, illegal bitcoin miners refers to any operation that is not registered with the government as a licensed business entity or has been using electricity without formal contracts with utility firms.

It further states that utility…

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