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China’s NDRC now seeking public opinion on its Bitcoin mining crackdown
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The Chinese government’s Bitcoin mining crackdown, imposed earlier this May, led to the cryptocurrency crashing to levels it only recovered from earlier this week. Prior to the crackdown, China had been the supreme provider of hash power to the Bitcoin network, with many mining farms dotting several regions.
It now seems that the crackdown has been implemented fully, with the country’s National Development and Reform Commission (NDRC) adding cryptocurrency mining to its list of “phased-out” industries on 24 September. What’s more, the macroeconomic planning agency is now seeking public opinion on this new addition to outdated industries, as per a press release issued earlier today.
The agency has requested these public comments from both
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