A small toy figure is seen on representations of the Bitcoin virtual currency in this illustration picture, December 26, 2017. REUTERS/Dado Ruvic/Illustration
The National Development and Reform Commission said on Monday it was seeking public opinions on a revised list of industries it wants to encourage, restrict or eliminate. The list was first published in 2011. It did not stipulate a target date or plan for how to eliminate bitcoin mining, meaning that such activities should be phased out immediately, the document said. The public has have until May 7 to comment on the draft.
The cryptocurrency sector has been under heavy scrutiny in China since 2017, when regulators started to ban initial coin offerings and shut local cryptocurrency trading exchanges.
brendagoh_ Bitcoin about to get very cheap. Interesting to see $amd, $mu, $intl trading when bitcoin is gone for good.
brendagoh_ China also want to ban Muslims....