China’s Communist Party has ousted one of its top officials for reportedly turning a blind eye to cryptocurrency mining activities. China Sends Yet Another Stern Message That Crypto Mining Is Illegal Per the announcement, Xiao Yi was also the vice-chairman of the Jiangxi Provincial CPP Consultative Conference, besides being a party member of the Communist Party of China (CCP). The CCP argued that Yi breached the party’s work discipline, political discipline, life discipline, and integrity, while also accepting bribes. And what was even worse, Yi allegedly “abused his power to introduce and support enterprises to engage in virtual...