TechFlow news — According to Wu Shuo, recently telecom operators in multiple regions have begun sending text message warnings about cryptocurrency mining to the general public. On February 28, Chengdu issued a message stating: "The Chengdu Development and Reform Commission advises: according to national regulations, cryptocurrency mining falls under outdated production technologies eliminated by the state. Related business activities are considered illegal financial activities, which may result in loan termination, power cutoff, internet disconnection, credit risks, and legal liabilities. Relevant personnel will also face disciplinary actions under Party rules and administrative regulations. Civil legal acts involving investments in cryptocurrencies and related derivatives are invalid, and any resulting losses must be borne by the investors themselves."
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