China proposes adding cryptocurrency mining to 'negative list' of industries


Source: upnewsinfo.com upnewsinfo.com

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© Reuters. FILE PHOTO: People rest at a park near Beijing’s central business area, China August 29, 2017. Picture taken August 29, 2017. REUTERS/Jason Lee BEIJING (Reuters) -China has added cryptocurrency mining to a draft list of industries in which investment is restricted or prohibited, although it reduced the number of sectors on the list overall, a document released by the state planner showed on Friday. The so-called ‘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 country’s central bank vowing to...