[Notice on Prohibiting Virtual Currency Mining Activities in Butuo County, Sichuan, China] BlockBeats News, February 4 – Recently, Butuo County in Liangshan Yi Autonomous Prefecture, Sichuan Province, China, issued the 'Notice on Prohibiting Virtual Currency "Mining" Activities,' explicitly stating that virtual currency "mining" activities are classified as outdated production processes and equipment explicitly eliminated by the state. Related business activities are identified as illegal financial activities and will face risks such as loan suspension, power cuts, internet disconnection, and credit penalties. Relevant personnel will also be held accountable under party discipline, administrative discipline, and legal responsibilities. The notice emphasizes that civil legal acts involving investment in virtual currencies and their related derivatives are invalid, and any resulting losses must be borne by the individuals themselves. To maintain social stability and regulate market order, Butuo County has outlined three measures: 1. All forms of virtual currency "mining" activities are prohibited, including but not limited to Bitcoin, Ethereum, and others; 2. Township governments and industry regulatory departments, such as those overseeing telecommunications and electricity, are required to strengthen inspections and supervision based on territorial and industry management principles, and crack down on illegal "mining" activities; 3. The public is encouraged to report illegal "mining" activities.