China, which banned all crypto-related activities in September, has today officially added cryptocurrency mining to ‘industries that need to be eradicated’. The announcement was made by the Chinese government agency’s National Development and Reform Commission.
Last September, the crypto money market encountered a news that we have come across before. China, the largest source of cryptocurrency mining, is about cryptocurrencies. prohibits all transactions and that those who violate the ban will be punished. After this announcement, there was a sharp decline in the crypto money market.
While the Chinese government’s view on cryptocurrencies is in the same direction, another important news came today. Chinese journalist covering the developments of the crypto money industry in China Wu Blockchain, the Chinese government announced that today, January 10, cryptocurrency mining ‘industries that need to be eliminatedHe announced that he was officially included in the list.
China adds cryptocurrency mining to industries that need to be eradicated
Wu Blockchain shared the source of its news directly as the announcement of the Chinese government agency National Development and Reform Commission. When we translate the related announcement directly into Turkish, there is information that “mining activity with virtual money” has been added to the “industries that need to be eliminated” category.
China was home to 80% of the global cryptocurrency trade, with low energy amounts. While the reason for China’s measures against cryptocurrencies is thought to be environmental risks, it is also claimed that China is blocking cryptocurrencies to lead to digital yuan. In 2021 alone, China’s 17 government offices, approximately 180 blockchain projects had explained. These projects took advantage of blockchain technology and did not include any activity related to cryptocurrencies.
RELATED NEWS
Bitcoin Drops: Hits 3-Month Low
On the other hand, when China started to make statements pointing to this ban even before introducing its ban on cryptocurrencies, many giant mining companies left China and left. migrated to different countries.
After this news, Bitcoin’s re- Although it is seen to decrease to 40,800 It is not yet certain whether this regression is news-related.