Cryptocurrency Q&A
Can mining be allowed in China?
Can mining be allowed in China?
isabella_bailey_economist
Sat Dec 21 2024
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6 answers
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I'm wondering if mining activities are permitted in China, considering the country's strict environmental regulations and policies towards industrial operations.
6 answers
Michele
Mon Dec 23 2024
The notice specifically outlines that the purchase and sale of "mining machines" designed solely for the purpose of virtual currency "mining" within China is deemed illegal.
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MysticChaser
Mon Dec 23 2024
These machines, which have a singular function of mining virtual currencies, violate the provisions stated in the notice.
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Sebastiano
Mon Dec 23 2024
The notice clearly prohibits the development of virtual currency "mining" projects under any name, indicating a strict stance against such activities.
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KpopStarlight
Mon Dec 23 2024
Wang Weiqi announced an important update regarding virtual currency "mining" activities.
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Caterina
Mon Dec 23 2024
According to the "Notice on the Rectification of Virtual Currency 'Mining' Activities" jointly issued by the National Development and Reform Commission and other relevant departments, such activities have been placed under national scrutiny and rectification.
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