{"id":52882,"date":"2021-11-15T12:10:22","date_gmt":"2021-11-15T10:10:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52882"},"modified":"2025-09-03T12:21:28","modified_gmt":"2025-09-03T09:21:28","slug":"chinese-official-dismissed-for-collaborating-with-cryptocurrency-miners","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/chinese-official-dismissed-for-collaborating-with-cryptocurrency-miners\/","title":{"rendered":"Chinese official dismissed for collaborating with cryptocurrency miners"},"content":{"rendered":"<p>\\n<\/p>\n<p>A senior official in Jiangxi province has been removed from his post and expelled from the Communist Party for collaborating with cryptocurrency miners.<\/p>\n<p>\\n\\n<\/p>\n<p>According to the Central Commission for Discipline Inspection <a href=\\\"https:\/\/www.ccdi.gov.cn\/yaowen\/202111\/t20211113_254317.html\\\">\u043e\u043f\u0440\u0435\u0434\u0435\u043b\u0438\u043b\u0430<\/a>, that the former vice-chairman of the Chinese People&#8217;s Political Consultative Conference in the region abused his powers and violated the principles of state policy.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cXiao Yi seriously deviated in implementing the Central Committee&#8217;s core decisions, violated the new development concept, abused his powers to promote and support cryptocurrency mining enterprises that do not conform to the national industrial policy,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Authorities also accused the former official of bribery, interfering in the work of the judiciary, using his position to obtain benefits, and other violations.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cXiao Yi seriously violated party, organisational, labour and domestic discipline and was suspected of bribery and abuse of power. This is a serious wrongdoing,\u201d the watchdog said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Xiao Yi&#8217;s illicit gains and property were confiscated, and his case has been referred to the procuratorate for consideration in accordance with the law.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier in May, the State Council of the PRC decided <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-falls-below-37000-on-news-of-chinas-mining-ban\">\u043c\u0435\u0440\u044b \u0432 \u043e\u0442\u043d\u043e\u0448\u0435\u043d\u0438\u0438 \u043c\u0430\u0439\u043d\u0438\u043d\u0433\u0430<\/a> and the trading of cryptocurrencies. The leading state information agency Xinhua <a href=\"https:\/\/forklog.com\/en\/news\/china-criticises-bitcoin-and-mining-market-falls\">\u0440\u0430\u0441\u043a\u0440\u0438\u0442\u0438\u043a\u043e\u0432\u0430\u043b\u043e \u043a\u0440\u0438\u043f\u0442\u043e\u0438\u043d\u0434\u0443\u0441\u0442\u0440\u0438\u044e<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>In September, the People&#8217;s Bank of China labeled cryptocurrency operations <a href=\"https:\/\/forklog.com\/en\/news\/pboc-views-cryptocurrencies-as-a-threat-to-the-traditional-financial-system\">\u043a \u043d\u0435\u0437\u0430\u043a\u043e\u043d\u043d\u043e\u0439 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0439 \u0434\u0435\u044f\u0442\u0435\u043b\u044c\u043d\u043e\u0441\u0442\u0438<\/a>. Authorities began examining <a href=\"https:\/\/forklog.com\/en\/news\/media-china-weighs-avenues-for-prosecuting-crypto-trading-and-mining\">\u0432\u043e\u0437\u043c\u043e\u0436\u043d\u043e\u0441\u0442\u0438 \u0441\u0443\u0434\u0435\u0431\u043d\u043e\u0433\u043e \u043f\u0440\u0435\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u043d\u0438\u044f<\/a> of trading and mining.<\/p>\n<p>\\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A senior official in Jiangxi province has been removed from his post and expelled from the Communist Party for collaborating with cryptocurrency miners.<\/p>\n","protected":false},"author":1,"featured_media":52883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[133,1137,1306],"class_list":["post-52882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-china","tag-cryptocurrency-mining","tag-mining-ban"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=52882"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52882\/revisions"}],"predecessor-version":[{"id":52884,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52882\/revisions\/52884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/52883"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=52882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=52882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=52882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}