The authorities of the Chinese province Zhejiang tightened the punishment for violating the ban on cryptocurrency mining – Bits Media

Despite, that China has been a ban on mining last year, the authorities are still working to eliminate the industry. Chinese province Zhejiang announced an increase in fines for cryptocurrency mining.

Unit of the National Development and Reform Commission (Ndrc) in Zhezzyan and the local agency of the National Network Operator published a notification, according to which miners will have to pay additional 0.5 yuan ($0.79) for 1 kWh. Regulators also urge state bodies and network operators to strengthen control over cryptocurrency mining activities. The notification is dated 11 February - probably, It was transferred to government departments and key interested parties for approval, Before he was released.

This message was confused by Chinese users, who suggested, that the introduction of higher electricity tariffs for miners means, that cryptocurrency production is allowed. The Center for Public Services Zhejiang clarified, that mining in the country is still prohibited. Increased electricity tariffs apply to banners for the ban as a measure, aimed at increasing the fine. Besides, The control bodies of the province of Shandun 23 February called citizens to report suspicions of cryptocurrency mining on hot lines.

The Chinese authorities set a goal to eradicate mining in the country. At the end of last year, short videos with advertising mining and cryptocurrency investment were banned in China. In December, the Court of the Chaoyan court in Beijing rejected the lawsuit of Fengfu Jiuxin, concluding an agreement for the supply and maintenance of ASIC Mainers, due to violation of the law on cryptocurrencies. A little earlier, the National Commission on Development and Reforms of China warned about sanctions against state enterprises, Cryptocurrency mining.