If China Bans Crypto Mining
09 Avril 2019 - 6:40PM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
April 9, 2019 -- ADVFN Crypto NewsWire -- Over the course of their
history with cryptocurrencies, China has not exactly been steadfast
in their opinion on the subject. From banning crypto essentially
leaving its’ legal status in a grey area, no one seems to really be
able to say definitively what the Chinese government wants to do
with the blockchain industry.
Certain things are clear, like the
government’s support for the blockchain as a technology. As any
industry insider knows, however, the blockchain and crypto are two
different things, especially in a legal sense. One is a technology
that can facilitate data transfer in a more secure way than just
about anything else. The other threatens the global monetary
system, in a sense.
With today’s news that China may be
considering banning Bitcoin mining, things have gotten even more
complicated. According to CoinDesk, however, for now, this is less
of a government-wide decision and more of the opinion of one
particular agency.
At the same time, this particular
opinion is powerful, since the agency in question is reportedly in
charge of determining many of the country’s large-scale economic
activities, including what is legal to do and what is not. In an
overarching sense, this office has decided that Bitcoin mining
should be outlawed to the point that it is not a legal
industry.
Reportedly, even though the entire
government likely has the final say here, Chinese citizens now have
about a month to state their opinions on the issue. In the end, as
CoinDesk says, this agency’s opinion appears to be more of a
general guideline for 25 or so other departments to make a final
decision on the matter.
By: BGN Editorial Staff
Bitcoin (COIN:BTCUSD)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Bitcoin (COIN:BTCUSD)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024