The former director of the Guizhou Big Data Bureau is under investigation, having mined 327 BTC using government servers.

The impact of this incident is not on the price of cryptocurrencies, but on the 'narrative': regulation and compliance are once again under a magnifying glass.

Mining, computing power, abuse of state-owned resources... 'New evidence' for old news may drag down the premium of related sectors.

At the trading level, there is a slight cooling of risk appetite; at the policy level, there are 'tighter and more detailed' boundaries.