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

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.

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