China's Sichuan Province Is Investigating the Cryptocurrency Mining Industry

[ChainDD report] June 6 (ChainDD) The Sichuan Regulatory Office of the National Energy Administration held a symposium on "virtual currency" on June 2, 2021, which became the focus of attention of the crypto industry.

It is reported that in this symposium, State Grid Sichuan Electric Power Company and Sichuan Energy Investment Group respectively reported the relevant situation of "mining" of virtual currency for their respective supply areas, and put forward relevant suggestions.

The two agencies also submitted an analysis of the impact of the suspension of mining on the amount of hydropower abandoned in Sichuan this year.

At the same time, Sichuan Electric Power Trading Center reported the situation of big data enterprises participating in market transactions in the demonstration area of hydropower consumption.

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