China Denies Rumors of Official Mining 327 Bitcoins in Guizhou: Case Unrelated to Cryptocurrency

Chinese authorities have firmly dismissed speculation that Jing Yaping, former director of the Guizhou Big Data Bureau, used government servers to mine 327 Bitcoins. The provincial disciplinary inspection commission confirmed that her case has no connection to cryptocurrencies and labeled the reports as unfounded rumors generated by artificial intelligence.

🚫 Authorities: “It’s a Rumor” According to the official statement, unverified online posts claimed that Jing Yaping exploited government resources for large-scale Bitcoin mining. These claims quickly spread across the crypto community but were directly refuted by state authorities.

“The report that Jing Yaping used a government server to mine 327 Bitcoins is a rumor. Her case has nothing to do with Bitcoin,” said an official from the publicity department of the Guizhou provincial disciplinary inspection commission.

📉 Why Such Disinformation Is Dangerous Reports like these can damage trust in the cryptocurrency market and trigger unnecessary volatility. Key crypto industry figures, including major exchange CEOs, have not yet commented on the case. Experts stress that verifying information sources is essential—especially now that AI is used not only to produce legitimate content but also to spread misinformation.

🔍 Context: China and Crypto Mining This is not the first time rumors have emerged about Chinese officials being involved in illegal crypto mining. However, China’s crackdown on such activities remains strict and uncompromising. In Jing Yaping’s case, there is no precedent of this scale or nature.

📊 Bitcoin at Record Levels Despite the rumors, Bitcoin (BTC) remains strong:

🔹 Current price: $123,141.18

🔹 24h trading volume: $96.12B (+28.03%)

🔹 Daily change: +3.14%

🔹 Market dominance: 58.61%

Summary:

This case is yet another reminder that the crypto industry needs regulatory vigilance and information verification from reliable sources. Any unfounded speculation can lead to market chaos and impact cryptocurrency prices.

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