BUSINESS Top economic regulator seeks to phase out cryptocurrency mining

BUSINESS

Top economic regulator seeks to phase out cryptocurrency mining

China Daily

14:10, October 21, 2021


China has decided to add cryptocurrency mining to the phase-out category on a revised guidance catalogue for industrial structure adjustment. (Photo: IC)

China has decided to add cryptocurrency mining to the phase-out category on a revised guidance catalogue for industrial structure adjustment, a document released by the country's top economic regulator showed on Thursday.

The National Development and Reform Commission issued a notice on the revision of the industrial structure adjustment guidance catalogue online to seek public opinion from Oct 21 to Nov 21.

Earlier this month, the NDRC unveiled the latest draft version of the nationwide negative list for market access, saying it has added cryptocurrency mining to the draft list of industries in which investment is restricted or prohibited.

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