China came up with a new way to combat cryptocurrent

China warns its state-owned enterprises from mining cryptocurrency and thinks over the adoption of new punitive measures. One of these is the introduction of higher electricity prices for companies that continue to ignore the Government Bitkoin production ban writes Bloomberg.

The National Development and Reform Commission plans to stop the industrial mining of bitcoins, as well as any participation of state-owned companies in this activity. This year Beijing is rigidly struggling in different ways with miners, accusing them in everything – from energy deficit to deaths in coal mining.

Earlier, China sent from the country of the former official of Jiangxi Xiao Province. He was accused of abuse with his authority and support of cryptocurrency enterprises, as well as in obtaining bribes.

This year, the PRC banned mining and cryptocurrency trade in the country. The People’s Bank of China (NBK) on September 24 stated that cryptocurrency should not circulate on the markets on a par with traditional currencies and that foreign exchanges are now prohibited to provide services to mainland investors.

/Media reports.