One of China’s top central government authorities has flagged the continuation of efforts to suppress cryptocurrency mining activities by domestic firms. The National Development and Reform Commission (NDRC) recently issued the 2021 edition of the “Market Entry Negative List” (?????????2021???), which includes cryptocurrency mining on its list of “eliminated” business activities. NDRC spokesperson Meng Wei (??) said that cryptocurrencies are a special type of “virtual commercial product” that are not a form of real money. “[Cryptocurrency] is not issued by a monetary authority, it is not a statutory or mandatory form of payment, and it cannot circulate or be used...