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On February 4, 2026, the county of Butuo in Sichuan issued a notice, completely prohibiting all "mining" activities of virtual currencies, including Bitcoin and Ethereum. The notice indicated that such activities belong to the category of outdated production processes that the state aims to eliminate, and the related business is considered illegal financial activity. Participants will face risks such as loan cuts, power cuts, and internet disconnections, and will bear legal responsibilities. Local governments and departments of communication, electricity, and others will strengthen inspections and supervision to combat illegal "mining" activities.
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