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Anhui completely shut down the virtual currency mining project. Is Bitcoin a Western financial routine?
Yes, Hefei Online published an article on July 14, "Cleaning up and Closing Virtual Currency Mining Projects in Our Province". According to the article, in the next three years, the situation of power supply and demand in the whole province is grim, and there is a big supply guarantee gap.

While focusing on "internal construction" and "external introduction", Anhui Province will strictly control new projects with high energy consumption and high power consumption, rationally arrange and orderly build data centers, comprehensively clean up and shut down virtual currency mining projects built in various names, and promote the implementation of residential electricity prices in new residential quarters and public buildings. ?

Weibo V "Cheng Linshuo" said that Bitcoin has no monetary value, and it exists only because it can be used for speculation. In terms of energy consumption, it is a bottomless pit. Therefore, it is the king to prevent western financial means full of routines from entering our China market and develop the real economy. ?

China's attitude towards Bitcoin

China's "Regulations on the Administration of RMB" stipulates that it is forbidden to manufacture and sell token tickets. Because there is no clear judicial interpretation of the definition of token, if Bitcoin is included in token, its legal prospect in China will be uncertain, and Bitcoin will also be "banned" in major banks.

Major banks do not accept or participate in businesses related to virtual currency, and no individual or institution may open accounts related to virtual currency, as well as related transactions, transfers and remittances. Once found, the account will be suspended and sealed up, and any illegal and criminal acts involving virtual currency will be transferred to judicial organs for relevant investigation.

In particular, virtual currency replaces traditional currency to realize barter. In China, money should be issued by the People's Bank of China, and the government is the guarantee of money. Because of the huge risks behind virtual currency, it should be prevented from entering the domestic market to prevent pollution to the domestic capital market and investment environment.