According to news on October 21, the National Development and Reform Commission publicly solicited opinions on the revision of the "Industrial Structure Adjustment Guidance Catalog (2019 Version)". In order to promote the implementation of relevant work arrangements for rectifying virtual currency "mining" activities as soon as possible, it is suggested that the entry of virtual currency "mining" activities be included in the current "Catalogue (2019 Edition)" in the form of supplements, based on the "National Development and Reform Commission's Revisions" "Industrial Structure Adjustment Guidance Catalog (2019 Edition)" was issued in the form of the Decision.
After soliciting the opinions of the Operation Bureau of the National Development and Reform Commission, according to the requirements of the document No. 1283 [2021] of the National Development and Reform Commission, the name of the entry is virtual currency "mining" activities, which are included in the elimination category of the "Catalogue", and will be eliminated immediately on the date of implementation of the document.
On September 24, 11 departments including the National Development and Reform Commission issued the "Notice on Rectifying Virtual Currency "Mining" Activities" (hereinafter referred to as the "Notice"), stating that it is strictly forbidden to add new virtual currency "mining" projects and speed up the orderly exit of existing projects. . At the same time, the "Notice" also announced that "virtual currency 'mining' activities" will be added to the "elimination category" of the "Industrial Structure Adjustment Guidance Catalog (2019 version)". Before the supplement is included, the virtual currency "mining" project will be treated as an eliminated industry, and investment will be prohibited in accordance with the relevant provisions of the "Decision of the State Council on Issuance and Implementation" (Guofa [2005] No. 40).
On September 30, with the approval of the State Council, the National Development and Reform Commission and 11 departments including the Central Propaganda Department jointly issued the "Notice on Rectifying Virtual Currency "Mining" Activities" (Fagai Run [2021] No. The addition of currency "mining" activities is included in the "elimination category" of the "Industrial Structure Adjustment Guidance Catalog (2019 Edition)", which provides a policy basis for the addition of the "Catalogue".
The main consideration for the addition of the "Catalogue" is that the virtual currency "mining" activity refers to the process of calculating and producing virtual currency through special "mining machines", which consumes a lot of energy and carbon emissions, and has a low contribution to the national economy. Progress and other driving effects are limited, and the risks derived from virtual currency production and trading links are becoming more and more prominent. Its blind and disorderly development will have an adverse impact on promoting high-quality economic and social development and energy conservation and emission reduction.
On October 8, the National Development and Reform Commission publicly solicited opinions from the public on the "Negative List of Market Access (2021 Edition)", which mentioned the revision of the relevant measures of the "Industrial Structure Adjustment Guidance Catalogue", and proposed to make virtual currency "mining". "Activities are included in the eliminated industries.
Rectifying virtual currency "mining" activities is of great significance to promote the optimization of my country's industrial structure, promote energy conservation and emission reduction, and achieve carbon peak and carbon neutral goals as scheduled.
