China To Accept Bitcoin Mining As industry

[yalcin0595 30]

China's national development and reform comission rejected bitcoin as an industry in the country. The country of cyryto currency mining in the Chinese economic planning agency, Guidance sector restructuring catalog allowed in an industrial zone. China's top economic planning agency has  ben categorized as an industry that would proviously be banned from a bitcoin mining country.The new catalog for restruring the guidance sector will be effective from 1 january 2020. In April this year the NDRC listed bitcoin mining as an industry  that is being phased out of the country for failing to comply with applicabke laws and regulations. In its most recent year, however, the economic planning agency did not mention bitcoin or any other  crypto mining that should leave the country. When the NDRC published its first industry reform catalog in 2005, it closes and recommends the establishment of different sector types. In preparation for the NDRC in 2011, the repor advocated the removal of bitcoin mining from the industry. Currently China is responsible for most of the bitcoin mining in the world.

[bentayebsalah 2280]

I have already said that China banned cryptocurrencies years ago
I said it would only study and prepare for the order and then again announce its acceptance of mining and trading in China

[Thekingcallme 1975]

China has always been one of the largest producers of mining equipment and it is no surprise that it supports mining
This will bring them great benefits

[khan22 3478]

On 11/6/2019 at 9:49 PM, yalcin0595 said:

China's national development and reform comission rejected bitcoin as an industry in the country. The country of cyryto currency mining in the Chinese economic planning agency, Guidance sector restructuring catalog allowed in an industrial zone. China's top economic planning agency has  ben categorized as an industry that would proviously be banned from a bitcoin mining country.The new catalog for restruring the guidance sector will be effective from 1 january 2020. In April this year the NDRC listed bitcoin mining as an industry  that is being phased out of the country for failing to comply with applicabke laws and regulations. In its most recent year, however, the economic planning agency did not mention bitcoin or any other  crypto mining that should leave the country. When the NDRC published its first industry reform catalog in 2005, it closes and recommends the establishment of different sector types. In preparation for the NDRC in 2011, the repor advocated the removal of bitcoin mining from the industry. Currently China is responsible for most of the bitcoin mining in the world.

Its a great news and i already posted in this forum that china will mine the crypto coins specially BTc and in a huge amount of BTC will collect them and soon they except the BTC and also all the crypto coins in their country. Crypto is the best business in the world and it will soon legal in all the world.

[CryptoMaxim 3829]

I don't see anything unusual about it. If some industry brings income and bitcoin mining will exist for a long time why not do it in large volumes. Of course, there will be competition for small firms.

[Afrizal rahman 2636]

China is already famous for its mining. if it's true he accepts, then this is a good thing for the crypto world. the collaboration carried out will produce very many results.

[crypto1 62]

Almost all crypto currencies are not regulated so countries are not getting taxes from these crypto- currencies. so china and other countries dont like bitcoin or other altcoins.

[fuer44 1083]

I am now confused by what is planned by China. several years ago declared a ban on crypto. now is there information that they are ready to accept, and will even make crypto minning an industry? isn't this confusing or indeed this is their long-term strategy.

[bliznec 22268]

Today there is no problem in order to start mining bitcoin in China. Everyone knows that most of the mining is in China. 

[Yanadia 1517]

I am confused by the news from China, sometimes they preach about their dislike and then change again to good news.  This is good news if it is true that China is becoming a accept bitcoin of mining as an industry. But we'll see how it goes

[nicolas1234789 2566]

Old news but that's true, China built mining city and develop new coin that might be release end of 2020. They said only adopt the technology but banned crypto, meaning they want their new coin exist in market so they can control it. They see crypto is economic business and we see crypto is alternative income, different perspective only.

[duncun007 3577]

18 hours ago, Maahi said:

China has already lots of mining farm . I think china has more mining fram than any other country.some mining farm are stored in chuan due to electricity issue but till now mos of mining farm are working now.

china has a monopoly over the mining farms because they have a very cheap electricity and it would be hard to have the same mining farm in any other country.

[dinabolt 514]

They already have solution about electricity supply, so built mining as industry is good option. Many people react like China, banned crypto but built their own coin. They want stability still in their currency not taken by crypto, realistic but not wise.

 

[el-Muhammady 718]

Wow!!! This will bring allot of earning I guess because China have always ready and interested in mining and they also gat the best mining equipment

[Oxygen 1004]

If china again allowed miners to mine bitcoin then i think it will not get trusted by miners as in near future there could again a threat of banning. But if it spends some time with no banning then the trust level should go up and also prices level and adoption level of bitcoin would increase

 

[Heroshema 0]

China is has the biggest country economy in the world and we can see that china is always create new ideas and new ways to win and make more money .. its easy to support minning bitcoin too 

 

[Mashiur 77]

I don't know about this metter. But if this country accept it then I think it is really great news. Then China people easily work in this forum

[Heroshema 0]

On 2/4/2020 at 4:33 AM, Oxygen said:

If china again allowed miners to mine bitcoin then i think it will not get trusted by miners as in near future there could again a threat of banning. But if it spends some time with no banning then the trust level should go up and also prices level and adoption level of bitcoin would increase

 

That's right .. and maybe it will allow more chinese people to have and do more Blockchain projects 

 

[Opinder 1310]

China always try to confuse other world. I do not think China would like to stop mining or not accepting crypto. Most of the bitcoins are mined in China. China would never like to stay behind the other countries in any technology. 

Edited February 8, 2020 by Opinder

[Amirul Islam 382]

On 11/6/2019 at 10:49 PM, yalcin0595 said:

China's national development and reform comission rejected bitcoin as an industry in the country. The country of cyryto currency mining in the Chinese economic planning agency, Guidance sector restructuring catalog allowed in an industrial zone. China's top economic planning agency has  ben categorized as an industry that would proviously be banned from a bitcoin mining country.The new catalog for restruring the guidance sector will be effective from 1 january 2020. In April this year the NDRC listed bitcoin mining as an industry  that is being phased out of the country for failing to comply with applicabke laws and regulations. In its most recent year, however, the economic planning agency did not mention bitcoin or any other  crypto mining that should leave the country. When the NDRC published its first industry reform catalog in 2005, it closes and recommends the establishment of different sector types. In preparation for the NDRC in 2011, the repor advocated the removal of bitcoin mining from the industry. Currently China is responsible for most of the bitcoin mining in the world.

In the first time China didn't make crypto as illegal. But after using it sometime they made it illegal and the market gone crash. Recently we got a news that China will launch their own coin through blockchain.

[Robot 93]

I think it is really great news for china people. If they bitcoin mining then they can easily earn more money. Really it is very great opportunity to earn more money

[babaji 1228]

I wonder if bitcoin mining is not legal as industry yet, then how are they doing that. Almost 80% of all mining rigs are in China, and as far as I know, they are duly supported  by the government to the point that current is provided at subsidised cost, so how are they doing all that without government's involvement. That should be enough to point everything is fishy.

[Emma 611]

Actually electricity bills are greatly related with mining cryptocurrencies. It is really cheap in china and so they did such a great step which is really very good for crypto world.

[Gg233 1061]

If that happen then it is very interesting now because China has a good technology and I think they are trying to get all bitcoin in and hold it maybe bitcoin will go up.

[Rstunirk 151]

If china again allowable miners to extract bitcoin so therefore i suppose it will not develop trusted by miners as in near coming in attendance might for a second time a peril of banning. But if it spends selected time with no banning after that the care aim be supposed to reach up and besides prices height and adoption echelon of bitcoin would increase