Personal mining with Ethereum virtual currency mining is not illegal, but violations may result in penalties once discovered.Currently, China has not officially introduced relevant laws, so virtual currency mining is not illegal
Personal mining with Ethereum virtual currency mining is not illegal, but violations may result in penalties once discovered.
Currently, China has not officially introduced relevant laws, so virtual currency mining is not illegal. China does not support virtual currency mining. From the current policy perspective, it is inevitable for China to prohibit virtual currency mining. Criminals may exploit the trading characteristics of virtual currency as a money laundering tool.
According to relevant laws and regulations, it is strictly prohibited for various regions to initiate and approve various virtual currency "mining" projects, and all existing virtual currency "mining" projects will be completely closed.
Resolutely investigate and correct project entities that engage in virtual currency mining under the names of big data and supercomputing centers. Stop providing venues and electricity support for virtual currency mining activities.
Article 3 of the Anti Money Laundering Law of the People's Republic of China
Financial institutions established within the territory of the People's Republic of China and specific non-financial institutions that are required to fulfill their anti money laundering obligations in accordance with regulations shall take preventive and monitoring measures in accordance with the law, establish and improve customer identity recognition systems, customer identity information and transaction record retention systems, large and suspicious transaction reporting systems, and fulfill their anti money laundering obligations.
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