Express

China No Longer Categorizing Bitcoin Mining As An Industry To Be Phased Out

Ramsey Baker

Summary: China has flipped their stance on Bitcoin mining, as the National Development and Reform Commission (NDRC) has removed bitcoin mining from their industries that need to be phased out list. The NDRC, a top level planning agency, published the Catalog for Guiding Industry Restructuring on Wednesday. The Catalog will take effect on Jan. 1, 2020. ...

China has flipped their stance on Bitcoin mining, as the National Development and Reform Commission (NDRC) has removed bitcoin mining from their industries that need to be phased out list.

The NDRC, a top level planning agency, published the Catalog for Guiding Industry Restructuring on Wednesday. The Catalog will take effect on Jan. 1, 2020. This version is set to replace the current one from 2011. All previous notions of removing anything related to virtual currency or bitcoin mining have been removed.

By Ramsey Baker

Last Update:

Tags: ,,
Link: China No Longer Categorizing Bitcoin Mining As An Industry To Be Phased Out   [Copy]
Next:

Related Articles

  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 7 hours ago
  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 5 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 6 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 17 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 18 days ago

    • You need to login to comment.