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China limits investments in cryptocurrency mining | Engadget

October 10, 2021
Source: timesnewsexpress.com timesnewsexpress.com
News Snapshot:
China’s war against cryptocurrency could soon extend to a broader ban on crypto mining. Reuters reports the country has added crypto mining to a draft “negative list” that limits or outright bans investments in a given industry, whether by Chinese or foreigners. Would-be investors would need to get approvals, and those are unlikely given China’s anti-crypto stance. Bitcoin.com notes China’s Development and Reform Commission is asking for public commentary on the list through October 14th. It’s doubtful public input will change the approach to crypto mining, however. China has deemed crypto transactions illegal, claiming the digital currency sparked a rise...
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