On October 21, the National Development and Reform Commission’s website issued a notice on the revision of the “Industrial Structure Adjustment Guidance Catalog (2019 Edition)” for public comments. The 7th item is added to “Outdated Production Technology and Equipment” and “(18) Others”, with the content of “virtual currency’mining’ activities”. Actually, on April 8, 2019, In the “Industrial Structure Adjustment Guidance Catalogue (2019 Edition, Draft for Comment)” issued by the National Development and Reform Commission, virtual currency “mining” activities have been included in the eliminated industries. However, in the official version of the “Industrial Structure Adjustment Guidance Catalog (2019 Edition)” released on November 6 of that year, the “virtual currency mining activities” that were originally included in the eliminated industries were deleted.

On September 24 this year, the National Development and Reform Commission and other 11 departments issued the “Notice on Renovating Virtual Currency “Mining” Activities” (hereinafter referred to as the “Notice”), stating that it is strictly prohibited A new virtual currency “mining” project was added to speed up the orderly exit of stock projects. At the same time, the “Notice” also announced that the “virtual currency ‘mining’ activities” will be added to the “elimination category” of the “Industrial Structure Adjustment Guidance Catalog (2019 Edition)”. Before being added to the list, the virtual currency “mining” project shall be treated as an outdated industry, and it shall be prohibited in accordance with the “Decision of the State Council on Issuing and Implementing the “Interim Provisions on Promoting Industrial Structure Adjustment”” (Guo Fa [2005] No. 40) invest.

On October 8, the National Development and Reform Commission asked the public for public opinions on the “Negative List of Market Access (2021 Edition)”. The revision of the relevant measures in the “Guiding Catalog” intends to include virtual currency “mining” activities into the eliminated industries.