There is a saying that if the law does not prohibit it, it can be done. There is no legal provision stating that Bitcoin mining is illegal. So why is it circulated in Chinese commercial circles that mining is illegal? The reason is actually very simple. The relevant provisions in the law. It is impossible for every common person to be familiar with them; even professional lawyers cannot recite all the relevant criminal laws. Therefore, everyone believes in misinformation. In fact, it is simple: mining is legal. However, using electricity in illegal and non-compliant ways is too common, which is why misinformation occurs.
This is a new regulation issued by the State Council. At first, I thought it was a local policy. It turned out to be an approval project issued by the State Council. Who can understand this? There is a wealth code hidden within.
