Forex and Crypto News

China will not forbid Bitcoin mining

09:14 06 November /2019

China still holds a leading position in terms of Bitcoin mining, but recently information appeared that the country's authorities want to ban this type of activity.

This week, Dovi Wang tweeted that Chine does not plan to forbid the Bitcoin mining.

btcmining china.jpg

In a document submitted by Dovi Wang, there is no Bitcoin mining in the list of industries that China wants to forbid. The corresponding decision was made by the National Commission for Development and Reform of China (NDRC).

This department systematically compiles a list of sectors of the economy that need to be developed or, conversely, eliminated.

In April 2019, the commission included mining in the list of undesirable industries, observers emphasize.

The submitted document also states that the Chinese regional authorities will be able to take measures to regulate the mining industry at their level.

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