China’s state planning agency calls for public opinion on Bitcoin mining ban
China's state planning bureau calls for public stance on Bitcoin mining ban
The move could signal plans past Chinese authorities to amend its previous negative stance on Bitcoin and cryptocurrency mining activities.
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China's National Development and Reform Committee is seeking public opinion on the inclusion of crypto mining in its listing of "phased-out" industries.
The call for public comments by the country'south macroeconomic planning bureau was independent in a release issued on Thursday.
Dorsum on Sept. 24, the bureau added digital currency mining to its listing of outdated industries following sweeping crackdowns past government in Beijing against crypto miners.
The move offered a definitive opinion by the commission after seemingly going back and forth on the consequence for the last ii years.
Every bit role of the calls for public comments, the bureau's notice requested public feedback from "relevant units" too as "people from all walks of life."
The public comment period will last for i calendar month, between Thursday, Oct. 21, and Nov. 21. Members of the public interested in providing feedback on the matter volition take four dissimilar avenues to make their opinions known, including emails, concrete mail and comments sections on the committee's website.
In a related development, the commission too put out a mail service on its website stating that the United States had replaced China as the dominant Bitcoin (BTC) mining nation in the globe.
Related: Death knell for Chinese crypto miners? Rigs on the move after gov't crackdown
Indeed, equally previously reported past Cointelegraph, the U.S. now accounts for over a third of the global Bitcoin mining hash rate distribution, with Kazakhstan and Russia in second and third identify, respectively.
Even before Beijing'south crackdown, crypto miners in Due north America had been expanding their chapters with massive hardware orders from major manufacturers such as Bitmain and MicroBT.
At the height of China'due south dominance, Chinese miners controlled three-quarters of the global Bitcoin hash rate.
Chinese miners driven out by the ban have reportedly moved their hardware to overseas locations, including Republic of kazakhstan, with states such as Texas and Florida looking to concenter some of these companies.
Source: https://cointelegraph.com/news/china-s-state-planning-agency-calls-for-public-opinion-on-bitcoin-mining-ban
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