Notice of the National Development and Reform Commission and other departments on rectifying virtual currency “mining” activities

Development and Reform Operation (2021) No. 1283

The people’s governments of all provinces, autonomous regions, and municipalities directly under the Central Government, and Xinjiang Production and Construction Corps:

In order to effectively prevent and dispose of the hidden risks caused by the blind and disorderly development of virtual currency “mining” activities, in-depth promotion of energy conservation and emission reduction, and help achieve the carbon peak and carbon neutral goals as scheduled, now it is related to the rectification of virtual currency “mining” activities The notice is as follows:

Ⅰ. Fully understand the importance of rectifying virtual currency “mining” activities

Virtual currency “mining” activity refers to the process of calculating and producing virtual currency through dedicated “mining machines”. It consumes a lot of energy and carbon emissions, has a low contribution to the national economy, and has limited driving effects on industrial development and technological progress. In addition, virtual currency The risks derived from production and trading are becoming more prominent, and their blind and disorderly development will have an adverse impact on the promotion of high-quality economic and social development and energy conservation and emission reduction. Remediation of virtual currency “mining” activities is of great significance to promote the optimization of my country’s industrial structure, promote energy conservation and emission reduction, and achieve the goal of carbon peak and carbon neutrality on schedule. All regions, departments, and relevant enterprises must attach great importance to them, fully understand the necessity and importance of rectifying virtual currency “mining” activities, and earnestly regard the rectification of virtual currency “mining” activities as an important part of promoting high-quality economic and social development. Tasks, to further enhance the sense of responsibility and urgency, grasp the key links, take effective measures to comprehensively rectify the virtual currency “mining” activities, and ensure that actual results are achieved.

Ⅱ. General requirements

(1) Guiding ideology.

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 19th National Congress of the Communist Party of China and the 2nd, 3rd, 4th, and 5th Plenary Sessions of the 19th National Congress of the Communist Party of China, thoroughly implement Xi Jinping’s thoughts on ecological civilization, and unswervingly implement the new development concept , In accordance with the overall idea of ​​"strict monitoring, strict prevention of risks, prohibition of increments, and proper disposal of stocks", give full play to the joint efforts of all regions and departments to strengthen the supervision of the entire industry chain of the upstream and downstream of virtual currency “mining” activities, and it is strictly forbidden to add virtual currencies “Mining” projects, accelerate the orderly exit of stock projects, promote the optimization of the industrial structure and help the carbon peak and carbon neutral goals to be achieved on schedule.

(2) Basic principles.

Insist on grading responsibility. Establish a working mechanism of central coordination, provincial responsibility, and city and county implementation. The central government coordinates the overall promotion of the national virtual currency “mining” activities; the provincial government is responsible for the regional rectification work, and compacts the implementation responsibilities of the city and county governments, and clarifies the specific implementation plan in accordance with the unified arrangements of the central government; the city and county governments follow The central deployment and provincial government implementation plan requirements, detailed implementation measures, and ensure that they are in place.

Insist on classification processing. Distinguish the virtual currency “mining” incremental and stock projects. It is strictly forbidden to invest in the construction of incremental projects, and it is forbidden to develop virtual currency “mining” projects in any name; accelerate the orderly exit of existing projects, and under the premise of ensuring a smooth transition, scientifically determine the exit timetable and implementation path based on the actual conditions of each region.

Adhere to laws and regulations. Use rule of law thinking and methods to comprehensively promote the rectification of virtual currency “mining” activities, strictly implement relevant laws, regulations and rules, and strictly investigate and punish illegal virtual currency “mining” activities in various regions.

Persist in being active and prudent. In the process of rectifying virtual currency “mining” activities, it is necessary to actively and steadily advance, not only to achieve accelerated withdrawal, but also to properly resolve conflicts and disputes to ensure social stability.

Ⅲ. Comprehensively sort out and investigate virtual currency “mining” projects

(3) Sort out and check inventory items. Comprehensively sort out the local virtual currency “mining” projects that have been put into operation, establish a project list, and sort out the basic data of the company, scale, computing power, power consumption and other basic data of the virtual currency “mining” projects in operation one by one, in real time every week Dynamic updates. Conduct a comprehensive investigation on whether there are virtual currency “mining” activities in big data industrial parks and high-tech parks, accurately distinguish data centers and virtual currency “mines”, and ensure that there are no blanks in the investigation of local virtual currency “mining”.

(4) Sort out new projects under construction. Intensify investigations in all aspects of the preliminary work of virtual currency “mining” projects, establish a list of virtual currency “mining” projects under construction or to be constructed, and sort out the enterprises, scale, computing power, power consumption, and plans one by one Basic information such as production time. Intensify screening efforts in energy-saving review, application for installation by telegram, etc., to ensure that the sorted out data is true and comprehensive.

(5) Strengthen the monitoring and analysis of abnormal electricity consumption. Further carry out analysis of grid-connected power generation data and abnormal power consumption data, use technical means to monitor and control, and strengthen on-site inspections of large power users in data centers. Increase the monitoring of load reduction data of grid-connected power plants except for system reasons such as water supply and dispatch, and prevent public grid-connected power plants from pulling special lines to directly supply virtual currency “mining” enterprises. Report to the relevant supervisory authority in time for illegal power supply activities discovered.

  • BladeRunner [he/him]
    hexagon
    ·
    edit-2
    3 years ago

    Ⅵ Assurance measures

    (18) Clear division of responsibilities. The development and reform department, in conjunction with the finance, energy, industry and information, cybersecurity and informatization, finance, taxation, and market supervision departments, coordinate and promote the rectification of "mining" activities. All regions should establish corresponding coordination and promotion mechanisms, and refine measures to ensure that tasks are implemented in place. All regions and relevant departments should strengthen work coordination and information sharing, and effectively promote the rectification of virtual currency "mining" activities in accordance with the principle of "central coordination, provincial overall responsibility, and city and county implementation".

    (19) Form a regulatory force. Financial management departments and cybersecurity and informatization departments strengthen the monitoring, analysis and penetrating supervision of relevant entities, locate the IP addresses, specific enterprises and physical residences of mines identified by the virtual encrypted asset big data monitoring platform, and strengthen related supervision Departmental information sharing and exchanges and data cross-validation form a synergy of governance across the entire chain. Energy regulatory agencies should intensify their efforts to investigate and deal with illegal power supply projects and projects with potential power safety hazards, and supervise violations of regulations to participate in power market transactions. Relevant departments in various regions should establish a joint working mechanism to conduct full-chain governance of virtual currency "mining" and transaction links. All localities should establish and improve reporting platforms to unblock the entire society's supervision channels for virtual currency "mining" projects.

    (20) Strengthen supervision and implementation. All regions must clarify timetables and roadmaps, establish work ledgers, strengthen work implementation, and timely track and analyze the progress and effectiveness of implementation of relevant policies and measures related to the region, and ensure that various work measures are implemented in detail and in place. Relevant national departments should organize third-party agencies to conduct assessments on the clean-up and exit of virtual currency "mining" projects in various regions, and establish an information notification mechanism to timely report the progress of the work in various regions.


    National Development and Reform Commission

    Publicity Department of the CPC Central Committee

    Office of the Central Leading Group for Cyberspace Affairs

    Ministry of Industry and Information Technology of the People's Republic China

    Ministry of Public Security of the People's Republic China

    Ministry of Finance of the People's Republic China

    The People's Bank Of China

    State Taxation Bureau of the People's Republic of China

    State Administration for Market Regulation

    China Banking and Insurance Regulatory Commission

    National Energy Administration

    September 3, 2021