Inner Mongolia issued eight measures to combat and punish virtual currency “mining” behavior (draft for public comment)

According to the official public number of Inner Mongolia Development and Reform Commission, in accordance with the 51st meeting of the Financial Stability Development Committee of the State Council on the deployment requirements of cracking down on bitcoin mining and trading, the strict implementation of the Inner Mongolia Autonomous Region on ensuring the completion of the “14th Five-Year Plan” energy consumption double control target tasks of a number of safeguards measures to further clean up virtual currency “mining” behavior, strengthen the crackdown and discipline, build a long-term regulatory mechanism, maintain market order, big data industry environment and prevent financial risks, the Inner Mongolia Development and Reform Commission organized the drafting of the “Inner Mongolia Autonomous Region Development and Reform Commission on resolutely cracking down on the punishment of virtual currency “mining “Eight Measures of Behavior (Draft for Comments)”.
A. For industrial parks, data centers, self-provided power plants and other entities to provide sites and power support for virtual currency “mining” enterprises, according to the “Energy Conservation Law of the People’s Republic of China”, “Electricity Law of the People’s Republic of China” and other relevant regulations, increase energy-saving monitoring efforts and reduce energy consumption budget indicators; for the existence of deliberate concealment, retirement If there is intentional concealment, untimely shutdown, and ineffective approval and supervision, the party will be seriously held accountable according to relevant laws and regulations and party regulations. Second, for large data centers, cloud computing enterprises and other entities with virtual currency “mining” behavior, the competent departments to cancel all kinds of preferential policies, withdraw from the Inner Mongolia power multilateral trading market, according to the “Energy Conservation Law of the People’s Republic of China” to deal with strictly, seriously held accountable.
Third, the communication enterprises, Internet enterprises and other subjects have virtual currency “mining” behavior, according to the “People’s Republic of telecommunications regulations,” the relevant provisions of the competent departments shall revoke the value-added telecommunications business license, seriously held accountable.
Fourth, the Internet cafe and other subjects have virtual currency “mining” behavior, by the competent departments in accordance with the law on its suspension and rectification and other disposition.
Fifth, the unapproved private access to power supply virtual currency “mining” projects and other subjects, according to the “Criminal Law of the People’s Republic of China” and other relevant laws and regulations, its illegal power theft shall be transferred to the judicial authorities.
Sixth, the enterprises, individuals and other subjects in the form of virtual currency money laundering and other illegal acts, according to the “Criminal Law of the People’s Republic of China” and other relevant laws and regulations, according to the law referred to the judicial organs to deal with.
VII. For enterprises, individuals and other entities using virtual currency for illegal fund-raising and other acts, according to the “Regulations on Prevention and Disposal of Illegal Fund Raising” and other relevant laws and regulations, the competent departments to deal with strictly.
Eight, the existence of virtual currency “mining” behavior of the relevant enterprises and related personnel, in accordance with the relevant provisions of the blacklist of untrustworthy; public officials use their positions to participate in virtual currency “mining” or to provide convenience and protection, all referred to the discipline inspection and supervision organs to deal with.

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