China is considering adding crypto mining to its ‘industry blacklist’

According to a document released by the state planner on Friday, China has added cryptocurrency mining to a draft list of businesses


100
128 shares, 100 points

According to a document released by the state planner on Friday, China has added cryptocurrency mining to a draft list of businesses in which investment is limited or barred, albeit reducing the number of sectors on the list overall.

The "negative list" specifies which businesses and areas are off-limits to both Chinese and foreign investors.

This year, Chinese regulators prohibited cryptocurrency trading and mining, with the country's central bank vowing last month to eliminate "illegal" cryptocurrency activity. As a result of the crackdown, cryptocurrency exchanges have discontinued ties with Chinese users.

China has also tightened its grip on public discourse, slamming show business for "polluting" society and demanding mobile browsers to stop spreading rumors, using sensationalist headlines, and publishing anything that goes against socialism's essential ideals.

The state planner said that "non-public" capital would no longer be invested in a variety of publishing activities, including live broadcasts, news gathering, editing, and broadcasting organizations, as well as news operations.

In the realm of news and public opinion, non-public capital cannot be involved in the introduction of news produced by abroad entities, summits, or award selection activities.

The draft 2021 list of industries in which investment is limited or barred has been reduced to 117, down from 123 in 2020, according to the National Development and Reform Commission.

There are no restrictions on who can invest in industries that aren't on the list.


Like it? Share with your friends!

100
128 shares, 100 points

What's Your Reaction?

confused confused
28
confused
fail fail
7
fail
fun fun
70
fun
geeky geeky
63
geeky
hate hate
56
hate
lol lol
49
lol
love love
42
love
omg omg
29
omg
win win
7
win
Liked Liked
7
Liked
Loved Loved
70
Loved
Wow Wow
63
Wow

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format