The Chinese state-owned State Grid Sichuan Ganzi Prefecture Electric Power Co, Ltd. has responded to the widespread circulation of a document bearing the official stamp of the company that appeared to indicate an impending crackdown on bitcoin mining operations on the part of the power company.
The Company Has Confirmed the Document’s Authenticity, However, Stated That It’s Meaning Has Been Misinterpreted
Although the company has confirmed that the document is indeed official, the company has described such as only constituting an internal memo – stating that the company does not possess the authority to determine the legality of bitcoin. According to a rough translation, the company told Chinese media outlet, Caixin: […]
Read Full: Chinese Power Company Responds to Document Indicating Mining Crackdown