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China NDRC formalizes virtual-currency mining elimination policy

China's NDRC and other agencies published a detailed national notice ordering tighter monitoring of virtual-currency mining, banning new projects and accelerating the exit of existing operations. The document converted the spring crackdown into a more durable industrial and energy-policy framework.

China's NDRC and other agencies published a detailed national notice ordering tighter monitoring of virtual-currency mining, banning new projects and accelerating the exit of existing operations. The document converted the spring crackdown into a more durable industrial and energy-policy framework.

Distinct mining-policy culmination from the PBOC trading prohibition issued the same day.

Sources

  1. China NDRC — notice on virtual-currency mining