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2019-11-06 22:20:00

China bans cryptocurrency mining 2020, only to take back decision

In the late moves, China bans cryptocurrency mining, making headlines all across the world. In April 2019, Beijing decided that crypto mining activities are under consideration to get blacklisted. According to the China National Development and Reform Commission (NDRC), all the online mediums related to crypto mining were on the verge of getting blocked in China. This complete ban would have had drastic effects on the crypto mining industry in China. Since April 2019, the crypto industry was under immense pressure due to the uncertainty of the industry. The uncertainty that crypto mining industries have to follow strict rules and