Chinese Communist Party official expelled for mining cryptocurrency

China’s Central Commission for Discipline Inspection has expelled a communist party member for allowing cryptocurrency mining to happen, corruption, and other infractions. A Saturday announcement by the commission stated that Xiao Yi, formerly a member and vice chairman of the Jiangxi Provincial Political Consultative …

[Anonymous Coward]

Thoughts

First, I have no idea if the charges against Xiao Li are legitimate or political. But given the multitude of investigation in the US (and Britain, and Australia) it would be nice if some politicians were removed from office instead of just getting the equivalent of a bad political report card.

As far as data privacy:

"eight-hour disclosure time for privacy breaches that impact more than 100,000 people, followed by delivery of an investigation into security breaches within five days"

I'd support that.

"User consent will be required before personal information such as biometrics, health records, or religious affiliation is put to work. Parental approval will be required to use data of children aged 14 or younger."

I'd support that too.

[Denarius]

world is getting weirder again

the snoopiest, controlling big manglement on planet is most concerned about citizens data being misused. Why does this feel like a Twilight Zone episode ?

[Richard Boyce]

Re: world is getting weirder again

Senior party members use those services too, and they have rivals.

[BOFH in Training]

Re: world is getting weirder again

It doesnt mean they have to notify users if the Chinese government requests the data.

[lglethal]

Call me a cynic...

but this applies to corporations and not government entities, right?

Additionally, if this guy was really involved with corruption, why is he not imprisoned? OK losing his communist party status means a massive loss of prestige, income, etc. but prison is a far more effective deterrant wouldnt you think? Or was this simply the case that he annoyed the wrong person higher up the food chain.

When everyone is corrupt, and there's evidence against everyone, then it all comes down to who falls afoul of the big bosses when they need to make an example of someone...

[elsergiovolador]

Re: Call me a cynic...

but this applies to corporations and not government entities,

These are the same in China. A "corporation" is just a moniker used to call government departments to look favourable / familiar to the Western eye. Such department has some degree of autonomy though, but ultimately they all have to follow orders of CPC.

[elsergiovolador]

Mystery

Why don't communists embrace Bitcoin?

In the end a person owns the mine and the valuables that get mined.

The party just needs to ensure that proletariat has access to the means of encryption.

[Disgusted Of Tunbridge Wells]

I wonder what he actually did.

[Anonymous Coward]

"User consent will be required before personal information such as biometrics, health records, or religious affiliation is put to work"

Except in the case of the government as they already have your consent to continue living

[Anonymous Coward]

Sounds too good to be true.

Given how the CCP is driven by greed and the lust for power, my guess is the implementation of these policies will do the exact opposite.