Chinese official sentenced to life in prison for Bitcoin mining, corruption By Cointelegraph

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© Reuters.

A Chinese government official has been sentenced to life in prison for illegitimate business operations related to running a 2.4 billion ($329 million) (BTC) mining enterprise and for unrelated charges of corruption.

According to local media reports, the Intermediate People’s Court of Hangzhou City sentenced Xiao Yi, a former member of the Jiangxi Provincial Political Consultative Conference Party Group and vice chairman, to life in prison for corruption and abuse of power on Aug. 22.

Former Chinese government official Xiao Yi awaits sentencing. Source: Intermediate People’s Court of Hangzhou City