What’s Mine Is Mine: China Spooks With Mining Legality Blunder

Chinese electricity provider has caused confusion after it sent a notice to clients telling them to deny service to “illegal” Bitcoin miners.

According to multiple sources including local Caixin, Sichuan Electric Power Company had issued a statement deeming Bitcoin mining illegal in China and that the practice should stop immediately.

Subsequently, local news resource cnLedger confirmed the CEO had retracted the statement having made “mistakes” about legality.

“The head of that company has clarified that they made mistakes on the statement, as they are not a government administrative department, and have no rights to determine whether Bitcoin mining is illegal,” it wrote on Twitter Tuesday…

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