Initially, Sichuan Electric Power Company, released an unconfirmed circular which claimed that the use of electricity to produce and mine bitcoin is illegal. Caijing, an independent news publication based in Beijing, first reported on the circular released by Sichuan Electric Power Company, and more media outlets followed.
CnLedger, a trusted news source of the Chinese cryptocurrency market, quickly debunked the report, after Sichuan Electric Power Company admitted that it had made several mistakes and included unverified claims on its circular.
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