The National Development and Reform Commission of China (NDRC) has not included mining of bitcoin and other cryptocurrencies in the final list of “undesirable industries” that are subject to a ban in the country.
6 months ago CT was screaming abt “China banning bitcoin mining” when a fuzzy drafted “guideline” was published by China state planning dept
The official version is out: cryptocurrency mining is removed from the “eliminating category”
— Dovey Wan (@DoveyWan) November 6, 2019
The NDRC is responsible for developing the macroeconomic policies of the Chinese government. The department periodically compiles a catalog of industries that should be encouraged, limited or eliminated in the country, adjusting the structure of the industry.
It is noteworthy that earlier in support of the development of mining in the Chinese province of Sichuan, where up to 70% of all bitcoins are mined, the former vice president of the China Securities Regulatory Commission spoke.