• Latest
China Abolishes Its Plans to Ban Crypto Mining |

China Abolishes Its Plans to Ban Crypto Mining |

November 6, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ripple

China Abolishes Its Plans to Ban Crypto Mining |

coinnewsdaily by coinnewsdaily
November 6, 2019
in Ripple
0
China Abolishes Its Plans to Ban Crypto Mining |
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The majority of all bitcoin mining is actually taking place in China with local miners controlling more than 70 percent of BTC hash rate, however other Bitcoin-related activities, such as trading has been banned by the Chinese government since 2017. That raised a lot of questions and speculations regarding the future of crypto mining in the country in the past.

Earlier this year, the South China Morning Post reported that China’s National Development and Reform Commission (NDRC), a top-level economic planning agency under China’s State Council, had announced a draft list of industrial activities it recommends to encourage, limit or prohibit altogether. Bitcoin and other crypto mining classified as “virtual currency mining, such as the production process of bitcoin” were on that preliminary list and were recommended to be eliminated. It was a clear signal that China was planning to crypto mining in the country.

Related articles

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case

Ripple claims ‘a very big win’ in SEC case

April 19, 2022

On Wednesday the 6th of November NDRC, published a revised Catalog for Guiding Industry Restructuring that will take effect from Jan 1, 2020. In the final version of the document, the agency has removed bitcoin and other virtual currency mining activities from the initially proposed list of industrial activities that should be banned in China. Description related to bitcoin mining or any other digital currency mining can no longer be found in the catalog.

The absence of crypto mining in the finalized version of the catalog comes as another good news for digital currency-related activities in China. On Oct. 25, President Xi Jinping officially announced state support for blockchain technology in the country, suggesting that China may be considering to change its stance on virtual currencies too.

Image source: Flickr.com

Chinas National Development and Reform Commission


Credit: Source link

Tags: ChinaChinas National Development and Reform CommissionChinas State CouncilminingRippleThe South China Morning Post
Share76Tweet47
Previous Post

Sideways Trading within Ascending Trading Chanel |

Next Post

North Korea Set Up a Blockchain Firm to Launder Cash: UN

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case
Ripple

Ripple claims ‘a very big win’ in SEC case

April 19, 2022
ripple’s case: how will it affect xrp’s 2022 price?
Ripple

Ripple case: How will it affect XRP 2022 price?

April 17, 2022
price analysis 4/11: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/11: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 11, 2022
price analysis 4/6: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 7, 2022
price analysis 4/4: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 4, 2022
Load More
Next Post
UN Investigating 35 North Korean Military-Funding Cyberattacks

North Korea Set Up a Blockchain Firm to Launder Cash: UN

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,519.00-1.00%
  • ethereumEthereum(ETH)$1,646.370.18%
  • tetherTether(USDT)$1.000.14%
  • binancecoinBNB(BNB)$325.372.50%
  • rippleXRP(XRP)$0.411420-0.88%
  • cardanoCardano(ADA)$0.3989240.26%
  • dogecoinDogecoin(DOGE)$0.091295-3.37%
  • matic-networkPolygon(MATIC)$1.18-0.95%
  • okbOKB(OKB)$39.844.96%
  • solanaSolana(SOL)$24.29-2.95%
  • polkadotPolkadot(DOT)$6.551.20%
  • shiba-inuShiba Inu(SHIB)$0.0000121.47%
  • litecoinLitecoin(LTC)$98.85-1.64%
  • tronTRON(TRX)$0.0639290.99%
  • daiDai(DAI)$1.000.02%
  • cosmosCosmos Hub(ATOM)$14.39-3.32%
  • chainlinkChainlink(LINK)$7.11-1.49%
  • leo-tokenLEO Token(LEO)$3.370.44%
  • moneroMonero(XMR)$173.33-2.51%
  • ethereum-classicEthereum Classic(ETC)$22.450.09%
  • bitcoin-cashBitcoin Cash(BCH)$137.131.07%
  • stellarStellar(XLM)$0.092002-0.48%
  • filecoinFilecoin(FIL)$5.47-3.88%
  • crypto-com-chainCronos(CRO)$0.080360-0.80%
  • algorandAlgorand(ALGO)$0.2560551.72%
  • vechainVeChain(VET)$0.024144-2.79%
  • internet-computerInternet Computer(ICP)$5.78-4.79%
  • aaveAave(AAVE)$88.480.06%
  • eosEOS(EOS)$1.07-0.83%
  • elrond-erd-2MultiversX(EGLD)$45.062.10%
  • theta-tokenTheta Network(THETA)$1.07-1.76%
  • tezosTezos(XTZ)$1.10-0.50%
  • huobi-tokenHuobi(HT)$5.8111.97%
  • paxos-standardPax Dollar(USDP)$1.000.11%
  • bitcoin-cash-svBitcoin SV(BSV)$42.62-2.06%
  • havvenSynthetix Network(SNX)$2.51-5.97%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.151.61%
  • dashDash(DASH)$61.54-2.38%
  • iotaIOTA(MIOTA)$0.232484-0.11%
  • neoNEO(NEO)$8.895.41%
  • makerMaker(MKR)$670.530.11%
  • zcashZcash(ZEC)$45.89-2.89%
  • zilliqaZilliqa(ZIL)$0.0284130.24%
  • basic-attention-tokenBasic Attention(BAT)$0.267907-1.76%
  • compound-governance-tokenCompound(COMP)$52.67-5.31%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.038733-1.76%
  • kusamaKusama(KSM)$36.790.65%
  • bitcoin-goldBitcoin Gold(BTG)$16.94-2.51%
  • sushiSushi(SUSHI)$1.5116.02%
  • qtumQtum(QTUM)$2.73-0.77%
  • wavesWaves(WAVES)$2.58-0.94%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,671.982.44%
  • golemGolem(GLM)$0.2487591.84%
  • omisegoOMG Network(OMG)$1.46-0.09%
  • ontologyOntology(ONT)$0.213681-0.91%
  • digibyteDigiByte(DGB)$0.010855-0.20%
  • umaUMA(UMA)$2.08-0.37%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%