China proposes adding cryptocurrency mining to 'negative list' of industries
The Hindu
Industries not on the list are open for investment to all with no approvals required
China has added cryptocurrency mining to a draft list of industries in which investment is restricted or prohibited, although it reduced the number of sectors on the list overall, a document released by the state planner showed on October 8.
The so-called 'negative list' details sectors and industriest hat are off-limits to both Chinese and foreign investors.
Regulators in , with the country's central bank vowing to purge "illegal" cryptocurrency activities last month. The crackdown has prompted cryptocurrency exchanges to cut ties with Chinese users.
More Related News