China’s NDRC Wants to Ban Crypto Mining: Another Clamp Down

According to Reuters, China’s state planner wants to ban Bitcoin mining. The National Development and Reform Commission (NDRC) has updated a draft list of industrial activities that it is looking to encourage, restrict, or eliminate.

The list was first published in 2011.

NDRC Wants to Ban Cryptocurrency Mining

Unfortunately for crypto enthusiasts, cryptocurrency mining has made the elimination list. The NDRC concluded that it, along with 450 activities, should be phased out as they did not follow current laws and regulations.

As stated, cryptocurrency mining was joined by 450 other activities deemed …