Nov 6, 2019 ⋅ 1 min read
The China National Development and Reform Commission (NDRC) appeared to scrap its plan to eliminate Bitcoin ($BTC) mining within the country just six months after its proposal. The final version of the economic planning agency’s new Catalog for Guiding Industry Restructuring, set to take effect at the start of next year, no longer lists Bitcoin or other cryptocurrency mining under industries to be phased out of China. This news comes on the heels of President Xi’s pro-blockchain comments, which urged China to invest in and accelerate blockchain development.
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