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A Chinese Official Dismissed from the Party for Engaging in Digital Currency “Mining”

Xiao Yi, a former Chinese government member, was dismissed from the party and his role. The reason for that he engaged in digital currency “mining” activities Source… Visit Original Source…

Translator:Lish
Proofreader:Yue Ying Wan Chuan

Xiao Yi, a former member of the party group and vice-chairman of the Jiangxi Provincial Committee of the Chinese People’s Political Consultative Conference, was dismissed from the party and his role. This was announced on the Chinese Communist Party Central Commission for Discipline Inspection and State Supervision Commission website on January 13.

The announcement further explains: “Xiao Yi violated the new development concept by abusing his authority to introduce and support enterprises to engage in digital currency “mining” activities that did not meet the requirements of the national industrial policy”.

It is nothing new for the party members to receive such punishment. Xiao Yi’s case may involve some kind of internal fight of the party. However, the “mining” activities of the virtual currency has highlighted for his dismissal, which should be the first time in the party’s history

Source: 中共官员支持虚拟币“挖矿”被双开,剑指喜马拉雅币 – GNEWS

Published by:Xiao Hong Mao

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