According to Wu Shuo, Angola's "Law on the Prohibition of Cryptocurrency and Other Virtual Asset Mining" officially came into effect on April 10. Since last year, several Chinese citizens in Angola have been held legally responsible for engaging in virtual "mining" and suspected illegal use of electricity. The law stipulates that mining cryptocurrencies is a criminal act, and those who possess information, communication and infrastructure equipment used for virtual currency "mining" activities will be sentenced to 1 to 5 years in prison and the relevant equipment will be confiscated.
Those who mine cryptocurrencies and other virtual assets by themselves or through others, or connect such mining equipment to the national power system, will be sentenced to 3 to 12 years in prison; those who use power facilities to engage in such activities will face 3 to 8 years in prison. Angola is the third largest oil producer in Africa and was once China's largest crude oil supplier. Some Chinese miners go to Angola to mine Bitcoin. The Chinese Embassy in Angola reminds Chinese citizens and institutions in Angola to strictly abide by the relevant laws and regulations of Angola, use electricity in accordance with the law, and not support or engage in virtual currency "mining" activities.