, China
Photo courtesy of André François McKenzie

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

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.

Follow the link s for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Tokenization of trade assets to bridge financing gap
Blockchain technology could decentralize finance operations and allow easier credit access.
BCA walks the talk on sustainable finance
The Indonesian bank considers the environment and governance in its lending decisions.