China wants to ban bitcoin mining via ReutersTV
going down to a subtracted more believe is thanks to last week's near twenty percent price surge in China stay planner it also has a powerful skeptic the national development and reform commission wants to ban mining of the digital currency and is putting it on a drop list to four hundred and fifty activities to phase out as unsafe wasteful polluting or out of keeping with laws and regulations the move is subject to public consultation by may the seventh but could come into effect soon...
growing government pressure on the sector in China the world's largest market for computer hardware designed to mine bitcoin and other crypto currencies big coin hit a peak of close to twenty thousand dollars in late twenty seventeen to then collapse by three quarters as regulators temps down last week's buying spree put it about five thousand dollars for the first time since mid November analysts and traders were at pains to explain why on Tuesday it was still trading just below five...
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