China Bans Virtual Currency “Mining” Activities
08 October 2021
Business Advisory Unit, HKTDC Research
The National Development and Reform Commission and 10 other regulatory bodies announced, on 24 September, that China will step up its crackdown on virtual currency “mining” activities and strictly ban new “mining” projects. The orderly termination of existing projects will be stepped up and efforts will be made to optimise associated reductions in carbon emissions.
- Finance & Investment
- Environmental Protection
- Mainland China