The People's Bank of China and eight other departments: continue to crack down on virtual currency "mining" activities.

The People's Bank of China and seven other departments issued a notice on further preventing and addressing risks related to virtual currencies. The notice mentions the ongoing crackdown on virtual currency mining activities. The National Development and Reform Commission, together with relevant departments, will strictly control virtual currency mining activities and continue to advance the crackdown on such activities. The provincial governments are responsible for the comprehensive review, shutdown, and prevention of new mining projects within their administrative areas, in accordance with the requirements of the notice on cracking down on virtual currency mining activities and the directory for guiding industrial structure adjustment. It is strictly prohibited for mining machine production companies to provide mining machine sales and other services within the country.