A man walks past an advertising poster for bitcoin and cryptocurrencies in Hong Kong on September 25. Photo: EPA-EFE
A man walks past an advertising poster for bitcoin and cryptocurrencies in Hong Kong on September 25. Photo: EPA-EFE

Chinese official punished for supporting cryptocurrency mining companies is expelled from Communist Party

  • Xiao Yi, a top official in Jiangxi province, was found to have illegally supported enterprises for the purpose of crypto mining
  • Beijing has driven out most of China’s cryptocurrency mining activities this year in a crackdown that kicked off over the summer

Topic |   Digital currencies
A man walks past an advertising poster for bitcoin and cryptocurrencies in Hong Kong on September 25. Photo: EPA-EFE
A man walks past an advertising poster for bitcoin and cryptocurrencies in Hong Kong on September 25. Photo: EPA-EFE
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