{"id":12994,"date":"2021-10-09T03:54:05","date_gmt":"2021-10-09T03:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/china-to-add-cryptocurrency-mining-to-negative-list-for-market-access-making-the-industry-off-limits-to-investors\/"},"modified":"2021-10-09T03:54:05","modified_gmt":"2021-10-09T03:54:05","slug":"china-to-add-cryptocurrency-mining-to-negative-list-for-market-access-making-the-industry-off-limits-to-investors","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/china-to-add-cryptocurrency-mining-to-negative-list-for-market-access-making-the-industry-off-limits-to-investors\/","title":{"rendered":"China to Add Cryptocurrency Mining to \u2018Negative List for Market Access\u2019 Making the Industry Off-Limits to Investors"},"content":{"rendered":"

China has proposed adding cryptocurrency mining to the country\u2019s latest \u201cNegative List for Market Access.\u201d This will make cryptocurrency mining an industry that is off-limits to investors, another move by the Chinese government to clamp down on crypto-related activities.<\/strong><\/p>\n

China\u2019s Negative List of Industries to Include Cryptocurrency Mining<\/h2>\n

Cryptocurrency mining has been added to the 2021 draft \u201cNegative List for Market Access,\u201d according to an announcement on Friday by China\u2019s National Development and Reform Commission, the state planner. The list was jointly released by the Commission and the Ministry of Commerce.<\/p>\n

The State Council explained:<\/p>\n

The negative list for market access outlines sectors, fields, and businesses off-limits for investors. Industries, fields, and businesses not on the list are open for investment to all market players.<\/p>\n

The list consists of 123 industries in 2020. The number of industries on the list has been reduced to 117 in the current version. Industries not on the list are open for investment to all with no approvals required.<\/p>\n

The Development and Reform Commission is currently soliciting public opinions regarding the negative list. The seven-day public comment period runs from Oct. 8 to Oct. 14.<\/p>\n

China has been actively cracking down on crypto activities, banning crypto mining and trading. Subsequently, crypto exchanges and service providers have been cutting ties<\/a> with Chinese users.<\/p>\n

However, the impact of the Chinese crackdown on global cryptocurrency markets has been minimal<\/a>. Since the latest crackdown announcement<\/a> on Sept. 24, the price of bitcoin has risen more than 30%. At the time of writing, the cryptocurrency is trading at $54,214. Privacy activist and whistleblower Edward Snowden recently said that China\u2019s ban \u201cmade bitcoin stronger<\/a>.\u201d<\/p>\n

What do you think about China adding cryptocurrency mining to the \u201cNegative List for Market Access\u201d making the industry off-limits to investors? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nRegulation, China, china negative list, Chinese Government, chinese negative list, Investing, negative list for market access, negative list investors, negative list of market access, off-limits<\/p>\n","protected":false},"excerpt":{"rendered":"

China has proposed adding cryptocurrency mining to the country\u2019s latest \u201cNegative List for Market Access.\u201d This will make cryptocurrency mining an industry that is off-limits to investors, another move by the Chinese government to clamp down on crypto-related activities. China\u2019s Negative List of Industries to Include Cryptocurrency Mining Cryptocurrency mining has been added to the…<\/p>\n","protected":false},"author":0,"featured_media":12995,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12994"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12994"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12995"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}