China's State Planner Officially Eliminates Bitcoin Mining
The China National Development and Reform Commission has added Bitcoin mining to the list of eliminated industries after a period of public consultation, according to 8BTCnews.
Breaking! China's Development and Reform Commission publicly solicited opinions on the "Negative List of Market Access (2021 Edition)", and included virtual currency "mining" activities in the elimination category as "Outdated production technology and equipment".#bitcoin pic.twitter.com/fVjCdXW782— 8BTCnews (@btcinchina) October 8, 2021
Since there is no target date for phasing out such activities, the ban has come into effect immediately. AsSource