China mulls adding crypto mining to 'negative list' of industries: report

Industries under the list are deemed off-limits for investments.

Industries under the list are deemed off-limits for investments.

Chinese officials have added cryptocurrency mining to a draft list of industries in which investments may be restricted or prohibited, reported Reuters, based on a document released by the state planner.

The "negative list" details sectors and industries that are off-limits to both Chinese and foreign investors.

Regulators in China banned cryptocurrency trading and mining this year, with the People’s Bank of China vowing to purge "illegal" cryptocurrency activities. The crackdown has prompted cryptocurrency exchanges to cut ties with Chinese users.

Here’s more from Reuters.

China cryptocurrency

cryptocurrency

People's Bank of China

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