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Electric Company in Sichuan Denies Ban on Bitcoin Mining

By Wu Yujian and Han Wei
A bitcoin mine site near Kongyu county, Sichuan province. Photo: Visual China.
A bitcoin mine site near Kongyu county, Sichuan province. Photo: Visual China.

A document issued by a state-owned local electric company sparked concern in the bitcoin industry that China is moving to expand a crackdown on cryptocurrencies. But a company executive said the statement was misworded.

Titled “An Emergency Notice on Banning Bitcoin Production,” the document states that "bitcoin mining is an illegal activity" and says power generators in southwest China’s Sichuan province should stop providing electricity for bitcoin mining or face punishment for “illegal operations.”

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