⚠️ Breaking News丨China reiterates its mining ban— 1) All virtual currency mining is classified as illegal financial activity; 2) Local governments are intensifying inspections and crackdowns; 3) Citizens are encouraged to report violations, with accountability directly enforced. A lot of people still don’t understand one key question: Why is trading tolerated, but mining remains a red line? Because trading is a zero-sum game—no matter how much it fluctuates, it’s just numbers shifting between accounts. It doesn’t consume real-world resources, and the risks are ultimately settled within the participants. But mining penetrates three layers: physical resources, time, and sovereignty. It uses current electricity, current land, and current infrastructure, but the time and location of profit settlement exist outside China’s inherent system. This is absolutely unacceptable. Stop clinging to fantasies about gray areas or political windows of opportunity—this is fundamentally incorrect!