China Virtual Monetary Policy 2022

China's virtual currency policy is like this: "To rectify the mining activities of virtual currency, we should start from the source, recognize the international background, huge hidden dangers and practical harm of' mining', and remind residents to stay away from' mining'." Song said that for local governments, it is necessary to adapt to local conditions and guide them according to the situation. It is forbidden to invest in incremental projects of virtual currency "mining" under any pretext and name, and it is forbidden to develop virtual currency "mining" projects in the name of high-tech new infrastructure.

According to the website of National Development and Reform Commission (NDRC) at 65438+ 10, the Decision of NDRC on Revision was reviewed and adopted at the 20th Committee meeting on 20265438+10,65438+February 27th. Add item 7 to the obsolete category "1". Backward production technology and equipment and 18. Other Directed Catalogue of Industrial Structure Adjustment (20 19 Edition) takes "virtual currency" as its content.

Chen Yucheng, a senior investment consultant of Jufeng Investment, told the Securities Daily reporter that under the policy background of carbon neutrality at the peak of carbon dioxide emissions, virtual currency "mining" activities excessively waste power resources, which is not in line with China's industrial development direction and runs counter to the goal of carbon neutrality. Eliminating virtual currency "mining" activities is conducive to ensuring the power demand of industrial development, promoting energy conservation and emission reduction, encouraging capital to better serve the real economy, and preventing the financial risk of individual "speculation" from expanding.

China vigorously rectified virtual currency mining activities. 202 1,1/National Development and Reform Commission, Publicity Department of the Communist Party of China, Central Network Information Office and other departments issued the Notice on Regulating Virtual Currency Mining Activities, demanding that the supervision of the whole industrial chain of upstream and downstream virtual currency mining activities be strengthened, no new virtual currency mining projects be added, the existing projects be withdrawn in an orderly manner, and the industrial structure be upgraded.

Many provinces in China have taken measures to rectify the "mining" activities of virtual currency. For example, the virtual currency "mining" project in Inner Mongolia Autonomous Region was completely cleaned up and banned, and 49 virtual currency "mining" projects were shut down in the whole region, and the key IP list of 186 virtual currency mining discovered by monitoring was dynamically "cleared".

In Song's view, the rectification of virtual currency "mining" activities nationwide is of great significance for orderly promoting scientific and technological progress, optimizing industrial structure, stabilizing financial order, and promoting energy conservation and emission reduction.

With the increasing regulatory policies, the illegal nature of bitcoin "mining" has been further clarified in judicial practice. On February 23, 20 19, the civil judgment of the people's court of Hanshou County, Hunan Province published by China Judgment Document Network showed that the court held that the civil legal act of buying and selling "mining machines" by both parties was invalid, and the private loan contract based on the settlement of the invalid trading of "mining machines" was invalid, and the property obtained by both parties due to the invalid civil legal act should be returned.

Song said that for the "mining" activities of virtual currency in stock, an orderly withdrawal mechanism should be established to persuade miners to give up "mining machines", stop mining activities completely, and speed up the orderly withdrawal of organizers and participants in the "mining" activities of virtual currency in their jurisdiction, so as to ensure that contradictions are not intensified during the withdrawal process and achieve the purpose of smooth transition and safe withdrawal.

Chen Yucheng suggested that a virtual currency "mining" interception information center should be established in combination with the rich big data resources in the industry, so as to monitor the whole process of "mining" from the early invasion, mid-term implantation and diffusion to the later reconnection, so as to help law enforcement departments form a deep linkage defense and protect people's interests.