China removes the bitcoin mining from the ban list of industries, and now the bitcoin mining industry has no restrictions or danger from the regulatory department of china, reported on 06 November 2019.
According to the report, it is confirmed from the information given in the newly published edition of Industrial Structure Adjustment Guidance Catalog (2019) where bitcoin mining is not listed in the elimination list of industries that are going to be banned after taking final action in 2020.
Previously, China published a list of industries that will be banned in 2020 where bitcoin mining was also listed in the ban list, but just now they published the documents again by doing some changes where bitcoin mining is also removed from the ban list.
This is really good news for the bitcoin because most of the hash power on the bitcoin network is from the bitcoin mining farms established in China.
China also a big producer of bitcoin mining equipment.
Last month, Hurun Report, research, media, and investment firm recently published a report named “Hurun China Rich List 2019” in which it featured 12 local cryptocurrency magnates.
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