China Bans Bitcoin & Cryptocurrency Mining

[Vladar49]

The People’s Republic of China, the world’s largest market for computer hardware created to mine Bitcoin (BTC), has totally banned crypto mining in the country in order to stop the growing pressure on government from the cryptocurrency industry. No time limit for the ban has been set.

The National Dept. and Reform Commission of China (NDRC) – a body responsible for overseeing the country’s economy – revealed in a document on Monday that it wants cryptocurrency mining stopped with immediate effect since the activity “seriously wastes resources.”

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/china-bans-bitcoin/

[Joinrepublic]

There was already news in the media that such a ban would not affect the work of mining companies in China.