Heavy policy adjustment: National Development and Reform Commission "eliminate industry" delete "virtual currency mining"

Author: Hong Liang

Source: Wu said blockchain

On the morning of November 6, the Chinese government website issued the "Industrial Structure Adjustment Guidance Catalogue (2019)", which was reviewed and approved at the 2nd meeting of the Secretariat on August 27, 2019. It is now announced, starting from January 1, 2020. Implementation. The Catalogue of Industrial Structure Adjustment Guidance (2011) (Amendment) is also abolished at the same time.

The author carefully checked and found that in the first draft of the draft, the "virtual currency mining" in the industry was eliminated, and it was deleted!

This is the previous consultation draft:

This is the official draft:

According to the regulations, the elimination categories are mainly backward processes, technologies, equipment and products that do not meet the requirements of relevant laws and regulations, do not have safe production conditions, seriously waste resources, pollute the environment, and need to be eliminated. In the previous consultation draft, “virtual currency mining” was an item of unscheduled elimination or elimination plan, and the national industrial policy has been explicitly eliminated or immediately eliminated.

In fact, the mining industry has several advantages for the Chinese economy:

1. Make full use of waste electricity, especially the waste electricity in Yunnan Province during the wet season.

2. The core of the mining machine is the chip to enhance the development of the Chinese chip industry.

3. Enhance the regional economy and the income of the people, especially those with abundant energy and economic backward areas.

Of course, there are also several drawbacks in the eyes of the government:

1. During the non-beverage period, Xinjiang, Inner Mongolia and other regions use thermal power to pollute the environment.

2, the production of bitcoin, to promote virtual currency.

Previously, the Chinese government did not openly oppose the mining, but it also issued several documents internally. On January 2, 2018, the Leading Group for the Internet Financial Risk Special Rehabilitation Office (hereinafter referred to as the Mutual Gold Rehabilitation Office) issued a document requesting all localities to guide enterprises within their jurisdiction to withdraw from the “mining” business in an orderly manner and regularly report the progress of the work. After the NDRC solicited the draft of the draft and listed it as an industry elimination, the localities began to clear the mine.

Whoever expected, there has been a change. The policy adjustments this time have far-reaching implications. Enterprises such as Bitian, Jianan and Shenma will usher in major benefits. If Bitland can solve internal problems, it will be a major positive for the listing. China's blockchain and chip industries have also benefited a lot.

The NDRC has excluded it from the elimination of the industry, which undoubtedly gave the mine a huge positive. However, Lao Wu also advised the friends of the mining circle to avoid high-profile marketing; the second money was taken out, the poverty alleviation was done more, the AI ​​and blockchain technology were done more, and the government was actively moved closer; third, the leading enterprises, It is necessary to take the lead in actively communicating with the government. According to the above mentioned three good and bad, it is beneficial to avoid disadvantages and guide the industry.

However, it is also necessary to be vigilant. Previously, it was forbidden to mine. It came from the mutual fund rectification office headed by the central bank; this deletion was eliminated from the National Development and Reform Commission. The former is conservative from a financial perspective, while the latter is open from the perspective of physical industry and economic livelihood. Whether the two different attitudes will lead to conflict will depend on the attitude of the decision makers.

Editor's Note: This article does not change the original intention of the author.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

SBF trial imminent, let's see what legal experts have to say

Source Coindesk Translator LianGuaiBitpushNews Mary Liu FTX founder and former CEO Sam Bankman-Fried (SBF) will be in...

Market

The short-lived boom is hard to sustain, the second major crash after FTX is on its way.

Macro recession, will it make crypto become a safe haven asset, or will it collapse the entire crypto world? Original...

Blockchain

Read the article Bakkt: cryptocurrency of the New York Stock Exchange

At the Bakkt Digital Assets Summit held last week at the New York Stock Exchange, more than 150 investors around the ...

Blockchain

Coinbase UK's 2018 net profit margin was 4.3%, up 2 points from 2017

Do you think Coinbase makes money? On April 18, according to Cindesk , according to Reuters speculation and calculati...

Blockchain

From Caroline Ellison to Gary Wang The Fate of Bankman-Fried Hangs by a Thread, According to Bloomberg

Three ex-close friends and colleagues of FTX co-founder Sam Bankman-Fried have testified against him, possibly result...

Blockchain

Bakkt also can't impact traditional cryptocurrency futures trading? - Coin, OKex, Matcha, and the same station

Text | Mutual Chain Pulse · Liang Shan Hua Rong Mutual chain pulse: Although Bakkt has not been able to detonate...