Recently, the Zhejiang Provincial Commission for Discipline Inspection, the Cyberspace Administration of the Provincial Party Committee and other departments formed a joint inspection team to spot check 36 IP addresses of 20 state-owned units in 7 regions of the province, checked and corrected a number of violations of discipline involving virtual currency "mining" and trading using public resources, and made new breakthroughs in local rectification of virtual currency "mining".
Since the beginning of this year, the supervision of virtual currency "mining" has continued to increase. As early as May, the Financial Stability and Development Committee of the State Council set the tone to crack down on bitcoin mining and trading behavior, and resolutely prevented individual risks from being transmitted to the social field. Subsequently, the Ministry of Industry and Information Technology, the Development and Reform Commission and other departments and regions have successively introduced relevant measures to increase the intensity of verification and rectification of "mining", institutions and other large-scale "mining" have been basically eliminated in China, and a large number of "mines" have been shut down or relocated overseas.
However, due to its small size and strong concealment, some individual "mining" behaviors still exist. Among them, there are Internet café operators using high-performance graphics card computers equipped with "mining", there are also some merchants who sell graphics cards and hard disks to "mine" themselves, and even state-owned unit staff use public resources to participate in "mining", and so on.
Due to the long and professional "mining" industry chain, involving mining machine production, energy consumption dual control, data monitoring, financial supervision and other departments, there are problems such as poor communication and connection between departments in some areas, vague relationship between rights and responsibilities, etc., there are still regulatory blind spots for individual "mining" behavior, so that some retail investors have exploited loopholes.
Virtual currency "mining" is a backward process, energy consumption and carbon emissions are large, coupled with the production and trading link derivative risks are prominent, its blind disorderly development has an adverse impact on the high-quality economic and social development. The Central Economic Work Conference stressed that it is necessary to persist in giving priority to conservation and implement the strategy of comprehensive economy. In the field of production, we will promote the comprehensive conservation, intensification and recycling of resources. This is a high demand for cleaning up and rectifying the "mining" of virtual currency, and even the small-scale individual "mining" behavior cannot be ignored.
There is no regulatory dead end for virtual currency "mining". On the one hand, it is necessary for relevant departments to form a linkage, strengthen coordination and cooperation, share regulatory information, solve difficult problems such as difficult monitoring and investigation of personal "mining", and form a joint force for rectification; on the other hand, it is also necessary to make good use of technical means to track and detect from many aspects such as energy consumption, computing power, and capital flow, so that the whole process and the whole chain are supervised, so that retail "mining" has nowhere to hide.
Overall, under the centralized rectification of various departments and regions, both large-scale "mining" and decentralized "mining" have been effectively managed, and in the future, with the elimination of regulatory blind spots one by one, I believe that the realization of the virtual currency "mining" zeroing goal will not be too far away. (Source of this article: Economic Daily Author: Li Hualin)
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