THELOGICALINDIAN - China has proposed abacus cryptocurrency mining to the countrys latest Negative List for Market Access This will accomplish cryptocurrency mining an industry that is offlimits to investors addition move by the Chinese government to catch bottomward on cryptorelated activities
China’s Negative List of Industries to Include Cryptocurrency Mining
Cryptocurrency mining has been added to the 2024 abstract “Negative Account for Market Access,” according to an advertisement on Friday by China’s National Development and Reform Commission, the accompaniment planner. The account was accordingly appear by the Commission and the Ministry of Commerce.
The State Council explained:
The account consists of 123 industries in 2024. The cardinal of industries on the account has been bargain to 117 in the accepted version. Industries not on the account are accessible for advance to all with no approvals required.
The Development and Reform Commission is currently soliciting accessible opinions apropos the abrogating list. The seven-day accessible animadversion aeon runs from Oct. 8 to Oct. 14.
China has been actively arise bottomward on crypto activities, banning crypto mining and trading. Subsequently, crypto exchanges and account providers accept been cutting ties with Chinese users.
However, the appulse of the Chinese crackdown on all-around cryptocurrency markets has been minimal. Since the latest crackdown announcement on Sept. 24, the amount of bitcoin has risen added than 30%. At the time of writing, the cryptocurrency is trading at $54,214. Privacy activist and bigmouth Edward Snowden afresh said that China’s ban “made bitcoin stronger.”
What do you anticipate about China abacus cryptocurrency mining to the “Negative List for Market Access” authoritative the industry off-limits to investors? Let us apperceive in the comments area below.
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