China proposes cryptocurrency mining ban as prices start to rise again

China proposes cryptocurrency mining ban as prices start to rise again

5 years ago
Anonymous $fWzGa1uP8i

https://www.pcgamer.com/china-proposes-cryptocurrency-mining-ban-as-prices-start-to-rise-again/

The government agency that is in charge of China's macroeconomic planning is recommending new rules that would effectively ban cryptocurrency mining in the country, or at least make it very difficult, provided the measures are actually enforced.

China's National Development and Reform Commission (NDRC) outlined the proposed decree in a draft amendment to the Catalog for Guiding Industrial Restructure, as reported by South China Morning Post. It's sort of an outline of economic policy that groups industrial sectors into three main categories: ones the agency wishes to encourage, restrict, or eliminate.

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