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China’s State Macroeconomic Planning Agency Mulls Ban on Crypto Mining


China’s National Development and Reform Commission has revealed it is considering the elimination of crypto mining in the country.

China’s National Development and Reform Commission (NDRC), a state planning agency charged with spearheading macroeconomic policies, has revealed it is considering the elimination of crypto mining in the country. The news was reported by Reuters on April 9.

The NDRC has reportedly now included crypto mining as part of its draft for a revised list of industrial activities the agency intends to curtail. The list — which reportedly runs at over 450 points long — identifies activities the state deems to be in violation of relevant laws and regulations, pose a safety hazard, or are unecological.

It forms part of the NDRC’s wider Catalogue for Guiding Industry Restructuring, which has been issued since 2005 and determines which industries are to be fostered, restricted or…



Read Full Story : Cointelegraph.com News

2019-04-09 07:09:00

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