A Crypto Blessing: China’s Plan to Ban Bitcoin Mining Will Work Wonders

The National Development and Reform Commission (NDRC) revealed its intent to eliminate the bitcoin and crypto mining sector immediately in its guidance for adjustments to industrial structure published on April 1. The list of sectors that will be encouraged, restricted and eliminated will undergo a public consultation period until May 7 according to the report of SCMP, and as such, mining facilities in China are likely to be able to operate throughout the next month or two. If after the public consultation phase the NDRC and the government of China move forward with the current plans to shut down the

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