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China Offers To Add Crypto Mining To ‘Negative List’ Of Industries

October 10, 2021
Source: bollyinside.com bollyinside.com
News Snapshot:
China has added cryptocurrency mining to a draft listing of industries through which funding is restricted or prohibited, though it diminished the quantity of sectors on the listing total, a doc launched by the state planner confirmed on Friday. Regulators in China banned cryptocurrency buying and selling and mining this yr, with the nation’s central financial institution vowing to purge “illegal” cryptocurrency actions final month. The crackdown has prompted cryptocurrency exchanges to cut ties with Chinese users. The “negative list” particulars sectors and industries which might be off-limits to each Chinese and overseas buyers. The draft 2021 list of industries...
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