{"id":49415,"date":"2021-09-14T13:20:02","date_gmt":"2021-09-14T10:20:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49415"},"modified":"2025-09-02T12:33:36","modified_gmt":"2025-09-02T09:33:36","slug":"hebei-authorities-launch-crackdown-on-illegal-cryptocurrency-mining","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hebei-authorities-launch-crackdown-on-illegal-cryptocurrency-mining\/","title":{"rendered":"Hebei authorities launch crackdown on illegal cryptocurrency mining"},"content":{"rendered":"<p>The Hebei provincial administration in China has adopted a package of special measures to combat illegal cryptocurrency mining, according to local media.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">On September 14th, China\u2019s Hebei Province stated that it would start checking and cracking down on cryptocurrency mining from October. <a href=\"https:\/\/t.co\/zij82HQiKR\">https:\/\/t.co\/zij82HQiKR<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1437687853794746370?ref_src=twsrc%5Etfw\">September 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Under government decisions, the relevant agencies must by 30 September 2021 examine existing &#8220;information enterprises&#8221; for involvement in the mining of digital assets.<\/p>\n<p>Construction of such centers should not proceed without proper registration. Existing enterprises must submit documents by 30 September.<\/p>\n<p>From October, the cybersecurity, information technology and financial oversight departments will begin joint monitoring.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cFor detecting illegal mining using the computing power of an information system, those responsible and persons should be held to account; Internet access should be suspended until the violations are remedied,\u201d the authorities&#8217; statement quotes.<\/p>\n<\/blockquote>\n<p>It emphasises that mining consumes vast amounts of energy and runs counter to the country&#8217;s goals of carbon neutrality.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe exchange and transactions of virtual currencies seriously undermine China&#8217;s financial order and carry high risks, largely linked to black- and grey-market products. The spread and use of assets negatively affect economic and social development, directly threatening national security,\u201d the statement says.<\/p>\n<\/blockquote>\n<p>Earlier, prohibitive measures against the digital currency mining industry were taken by the authorities of <a href=\"https:\/\/u1f987.com\/en\/news\/authorities-in-chinas-qinghai-province-order-miners-to-halt-operations\">Qinghai<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/xinjiang-residents-of-one-of-the-largest-mining-hubs-ordered-to-halt-operations\">Xinjiang<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/sichuan-miners-ordered-to-halt-operations-by-june-20\">Sichuan<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/inner-mongolia-authorities-launch-crackdown-on-illegal-cryptocurrency-mining\">Inner Mongolia<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/media-report-on-mining-ban-in-chinas-yunnan-province\">Yunnan<\/a>. <\/p>\n<p>According to data from <a href=\"https:\/\/cbeci.org\/mining_map\">\u0434\u0430\u043d\u043d\u044b\u043c<\/a> Cambridge Centre for Alternative Finance (CCAF), in April 2021 miners from these regions generated 85.5% of Bitcoin&#8217;s hash rate in the country. The corresponding figure for Hebei stood at 0.56%.<\/p>\n<p>As reported earlier, repression against mining in China intensified after the May statement by Liu He, Vice Premier of the State Council.<\/p>\n<p>The bans have led to a mass exodus of participants in the industry from China. However, according to CCAF, the country had already lost its dominance in Bitcoin mining as early as March.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hebei provincial administration in China has adopted a package of special measures to combat illegal cryptocurrency mining, according to local media.<\/p>\n","protected":false},"author":1,"featured_media":49416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[133,1306],"class_list":["post-49415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-china","tag-mining-ban"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=49415"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49415\/revisions"}],"predecessor-version":[{"id":49417,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49415\/revisions\/49417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/49416"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=49415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=49415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=49415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}