Technology

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

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

A top provincial official in China has been removed from his post and the Communist Party after an investigation found that he abused his power in supporting cryptocurrency mining. The Central Commission for Discipline Inspection and the National Supervisory Commission found that Xiao Yi, a former vice-chairman of the Jiangxi Provincial Committee of the Chinese People’s Political Consultative Conference, violated the country’s industrial policies.

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