News Snapshot:
TL;DR Breakdown - China seeks to add crypto mining to the Negative List for Market Access. - The action will outlaw investments in the cryptocurrency sector. - This isn’t the first time that China is carrying out a ban on crypto-related activity. The Chinese government is looking to further tighten the noose on crypto activity . In a Friday announcement, the state planner China’s National Development and Reform Commission (NDRC) said it had included the action in the 2021 draft for Negative List For Market Access. Should the draft pass, it’ll outlaw investments in the area. The NDRC made the...
