A Power Generation Company In Hubei Was Fined 65000 Yuan For Pulling Special Lines For Mining

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Recently, the central China Energy Regulatory Bureau issued a decision on administrative punishment, donggouhe small hydropower generation Co., Ltd. in Zigui County, Yichang City, Hubei Province used the way of pulling special lines in front of the network to supply power to the virtual currency "mining" project, which belongs to illegal power business without obtaining the power business license (power supply)**

The central China Energy Regulatory Bureau imposed an administrative penalty on him, confiscated 21746.62 yuan of illegal income and imposed a fine of 43493.24 yuan twice the illegal income, with a total fine of 65239.86 yuan**

Enterprise information shows that Zhouping donggouhe hydropower station in Zigui county holds 60% of the shares in the company, and Xiang changshuang, the actual controller, holds 20%.

In September 2021, the national development and Reform Commission and other departments jointly issued the notice on regulating the "mining" activities of virtual currency, which made it clear that the relevant activities carried out with virtual currency are illegal financial activities.

On January 10 this year, in the updated Guiding Catalogue for industrial structure adjustment (2019 Edition), item 7 was added to the category of "I. backward production technology and equipment" (XVIII) others "of elimination, with the content of" virtual currency 'mining "activities"**

Jin Xiandong, director of the Policy Research Office of the national development and Reform Commission, previously pointed out that the whole chain rectification of virtual currency "mining" has achieved remarkable results.

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