China’s Yunnan Province did not order minors to shut down, despite reports

China’s Yunnan province does not appear to be closing bitcoins minors.

Earlier Friday, CoinDesk reported that China’s Yunnan Province is preparing to shut down crypto mining sites, citing and Forkast News, which referred to a screenshot of a document believed to be from the Yunnan Energy Bureau .

However, Zhuoer Jiang, CEO of, a China-based mining company, denied that his company said Yunnan banned crypto mining. He also said he could not verify the authenticity of the document in the screenshot.

Related: Hut 8 Mining Underwriters Agree To Buy $ 82 Million In Shares Before Nasdaq Listing

“One of our employees spoke to a reporter from Forkast and the employee said that there is a possibility that Yunnan could shut down mining operations in the province,” Jiang said. “But we didn’t say it would happen for sure, and we have no idea if the Yunnan government will have a regulatory policy on this and how strictly the government will enforce it.”

Several sources told CoinDesk that the official screenshot document is likely to be fake. The incident highlights challenges in communicating information about China’s bitcoin mining as officials ramp up pressure on the industry.

“As far as I know, miners in Yunnan have not received such notice,” said Yushan Zheng, partner of Waterdrip Capital, a crypto investment firm that is involved in mining crypto in China.

The screenshot appears to have circulated among WeChat crypto groups, but no one has been able to identify its exact source, Zheng said.

Related: New York Crypto Mining Bill Dies in Assembly After Passing State Senate

There are at least three notable differences between the Yunnan crackdown document and other similar opinions from Chinese authorities. The stamp on the document is located in the upper third of the text, whereas it is usually found at the bottom of these government documents.

The style and size of the title of the document appear to be different from other official documents. Most government notices are assigned to a particular file number, but there is no such number on the document in the screenshot. Zheng confirmed that the document is likely to be fake due to its unusual title and the location of the stamp.

The Yunnan Energy Bureau, which appears to be the issuer of the document in the screenshot, did not respond to calls and email interview requests until press time.

Related stories

About Emilie Brandow

Check Also

Trade finance software market is booming globally: Finastra, Aite Matrix, Newgen Software

Latest research study published by HTF MI “Global Trade Finance Software Market” with 100+ pages …

Leave a Reply

Your email address will not be published.