China, home to the world’s biggest cryptocurrency mining farms, now wants to ban them completely

//China, home to the world’s biggest cryptocurrency mining farms, now wants to ban them completely

China, home to the world’s biggest cryptocurrency mining farms, now wants to ban them completely

China’s top economic planning body has proposed new rules that would see the closure of all local cryptocurrency mining facilities if enacted – a move that would potentially end the country’s dominance in the energy-hungry, yet lucrative industry.The National Development and Reform Commission (NDRC) on Monday unveiled amendments to its guidance for adjustments to the nation’s industrial structure, including categories that are encouraged, restricted and eliminated. Cryptocurrency mining was…

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By | 2019-04-09T05:03:50+00:00 April 9th, 2019|Technology|Comments Off on China, home to the world’s biggest cryptocurrency mining farms, now wants to ban them completely