The People's Bank of China (PBOC) held a closed meeting on the use of electricity for farming mines
The legality of the news was confirmed by Tencent Finance.
The Chinese government does NOT prohibit and does not support the crypto currency.
The authorities only want to stop any preferential and illegal use of electricity, land and tax evasion in this area of ​​activity.
At a closed meeting, the Central Bank of China discussed how to regulate the production of Bitcoin. Two official sources of the source show that the authorities DO NOT plan to close the Bitcoin mining farms, but begin to regulate the use of public electricity🌸
Always be cautious of fake bitcoin and cryptocurrency news. Be it crypto or anything else, always check sources and verify information before accepting and spreading rumours as truth.