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China wants to add cryptocurrency mining to its ‘negative list’ of industries.

October 12, 2021
Source: marketcapitalize.com marketcapitalize.com
News Snapshot:
Chinese authorities have added cryptocurrency mining to a draught list of businesses in which foreign investment is limited or barred, despite the fact that the overall number of sectors on the list has been lowered, according to a document released by the state planner on Thursday. The so-called “negative list” “sectors and businesses that are off-limits to both Chinese and foreign investment are detailed in the report China’s regulators outlawed cryptocurrency trading and mining earlier this year, with the country’s central bank pledging to cleanse “illegal” cryptocurrency exchanges and miners “The cryptocurrency market had a busy month last month. As...
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