Chen Yunfeng: The catalogue of industrial structure adjustment guidance is still in the consultation stage, and should continue to study and observe virtual currency mining.

According to the Securities Daily News, a few days ago, the National Development and Reform Commission issued the "Industrial Structure Adjustment Guidance Catalogue (2019, Draft for Soliciting Opinions)", and listed the "virtual currency 'mining' activity (the production process of bitcoin and other virtual currencies) as eliminated. Industry. Chen Yunfeng, senior partner of Zhonglun Wende Law Firm and director of the Internet Finance Professional Committee, said in an interview: "From a policy perspective, this decision of the NDRC will have a negative impact on virtual currency mining in the short term, but it will come for a long time. It is unclear whether the decision will have a decisive guiding effect on the industry. It needs further observation before it can be judged.” Virtual currency mining is still in the early stages of development compared with other industries. Chen Yunfeng believes that assuming that virtual currency is proved to be a high-energy, worthless product in the future, this decision will be an important step in the exploration of the industry's regulatory model. “Because this release of the 'Industrial Structure Adjustment Guidance Catalogue' is still in the consultation stage, we believe that the industry can continue to study and continue to observe.”