China wants to ban Bitcoin mining, report claims


China plans to put an end to cryptocurrency mining in the country, Reuters reported Tuesday quoting a “draft list of industrial activities” China's state planning agency inspects to put a stop on.

The decision doesn't appear to be final — the National Development and Reform Commission( NDRC) is trying public opinions on a revised directory of industries that will either be encouraged, restricted or eliminated. Bitcoin now precipitates in that last category.

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According to Reuters, the NDRC didn't cause a time or any details on how, accurately, Bitcoin mining should be eliminated — but that would mean that Bitcoin mining is to cease immediately. Read more …

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