China scraps its plan to outlaw Bitcoin mining

posted 8 months ago
China’s government scrapped its plans to outlaw Bitcoin mining. The “top-level economic planning agency” under China’s State Council, published a finalized guidance for Industry Restructuring that will take effect beginning Jan 1, 2020.

In the final version, which will replace the current one published in 2011, the agency has removed "Bitcoin mining or other virtual currency mining activities" from the initially proposed category of industries that should be eliminated from China.
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