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China Bitcoin Mining Ban Could Take Years to Implement

From btcmanager.com

The reports of China looking to ban Bitcoin mining could take many years to implement. However, the proposed plan is further proof of Beijing’s anti-cryptocurrency stance as the country appears to eliminate all forms of crypto-related activities. China’s National Development and Reform Commission (NDRC) published a list of industries that authorities in Beijing were looking to eliminate, restrict, or encourage. The 130-page report which was released on April 8, 2019, is a revision of a previous list published in 2011 with a few additions. The newly published list contained Bitcoin mining as one of the industries ... (full story)

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  • Category: Fundamental Analysis