China's Yunnan province has not ordered miners to stop mining

According to relevant reports, China’s Yunnan Province does not appear to have ordered Bitcoin miners to stop mining.

Earlier on Friday, CoinDesk reported, citing BTC.top and Forkast News, that China’s Yunnan province is preparing to shut down cryptocurrency mining, citing a screenshot of a document that appeared to be from the Yunnan Energy Bureau.

However, Jiang Zhuoer, CEO of China-based mining company BTC.top, denied that his company had said Yunnan was banning cryptocurrency mining. He also said he could not verify the authenticity of the document in the screenshot.

Jiang Zhuoer said: "One of our employees spoke to a reporter from Forkast, and the employee said that Yunnan might shut down mining operations in Yunnan Province, but we did not say that this would definitely happen. We don't know whether the Yunnan Provincial Government will formulate regulatory policies on this, nor do we know how strictly they will be enforced."

Multiple sources told CoinDesk that the official document in the screenshot was likely fake. The incident highlights the challenges of reporting on bitcoin mining as Chinese officials increase pressure on the industry.

Mr. Zheng, a partner at Waterdrip Capital, a cryptocurrency investment firm involved in cryptocurrency mining in China, said: "As far as I know, miners in Yunnan have not received such a notice. This screenshot seems to have circulated in the WeChat group of the cryptocurrency circle, but no one can determine its exact source."

The Yunnan crackdown document has at least two distinct differences from other similar notices from Chinese authorities. The seal on the document is located in the top third of the text, whereas seals on such government documents are usually at the bottom.

The style and size of the document's title appeared to be different from other official documents. Due to the unusual title and seal placement on this document, Mr. Zheng confirmed that this document was likely a forgery.

The Yunnan Energy Bureau, which appears to be the publisher of the document in the screenshot, did not respond to calls and emails before press time.

<<: Dutch Finance Minister: Reasonable regulation of cryptocurrencies is more effective than direct ban

>>: The digitization of legal currency is coming, and Bitcoin unexpectedly becomes the corner

Institutional view: Without Bitcoin, the gold price should be $2,300

Yibang International reported Huatie Emergency in real name: the incident was caused by an old case three years ago, and there was a dispute over the whereabouts of 56,000 mining machines

Source: Cailianshe | Blockchain Daily Reporter: Z...

What should I look at when I think of a woman I should never marry?

Getting married is a big deal. If you accidentall...

Montenegro Grants Vitalik Citizenship as Part of Plan to Promote Its Blockchain Hub

The small southeastern European nation is beginni...

China's Yunnan province has not ordered miners to stop mining

Institutional view: Without Bitcoin, the gold price should be $2,300

Judging a person's character from his behavior after drinking

Revealing the secret of where moles are best to grow in face reading

Moles that may bring big trouble

The personality of people with triangular eyebrows and their strategies for dealing with shopping malls

What kind of faces make it difficult for a man and a woman to get along well as a couple?

Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2017-07-31)

What is the difference between lying silkworm eyes and phoenix eyes?

The fate of those who love to swear

Palmistry characteristics of easy money

Recommend

What does a broken lifeline mean? A broken lifeline palmistry diagram

The central bank will interview relevant people again after Bitcoin surges and plummets

What does a mole on the back of the neck mean?

What kind of woman has the most romantic appearance?

The fate of women with Sichuan lines on their hands

12 Palaces in Physiognomy: Detailed Explanation of the Palace of Servant

Speak your mind without caring about other people's appearance

Walking and sitting postures affect relationships and career

Breaking News: Binance fined $10 billion

What are the characteristics of palm lines that indicate a relationship is most likely to fail?

US telecom giant AT&T applies for patent for server based on Bitcoin blockchain

Especially the face that thinks it is without self-awareness

Yibang International reported Huatie Emergency in real name: the incident was caused by an old case three years ago, and there was a dispute over the whereabouts of 56,000 mining machines

What should I look at when I think of a woman I should never marry?

Montenegro Grants Vitalik Citizenship as Part of Plan to Promote Its Blockchain Hub