China proposes adding cryptocurrency mining to ‘negative list’ of industries

[superadmin]

• China added crypto mining to a draft list of industries in which investment is restricted or prohibited, although it reduced the number of sectors on the list.
  
• The “negative list” details sectors and industries that are off-limits to both Chinese and foreign investors.
  

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 Friday.

The “negative list” details sectors and industries that are off-limits to both Chinese and foreign investors.

Regulators in China banned cryptocurrency trading and mining this year, with the country’s central bank vowing to purge “illegal” cryptocurrency activities last month.

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