The National Development and Reform Commission of China is looking for public opinion about the country’s crackdown on the crypto mining industry.
The release was issued on Thursday by the agency and is calling for public comments regarding the matter. Back in September, the National Development and Reform Commission of China included crypto mining in its list of outdated industries.
“In accordance with the relevant work arrangements for the rectification of virtual currency “mining” activities, the National Development and Reform Commission and relevant departments have revised the “Industrial Structure Adjustment Guidance Catalog (2019 Edition)”, and now solicit opinions from the public.”
The paper explains all four steps that are required to complete the ‘review’. Public consultation will be available starting from October 21 until November 21. “Relevant units and people from all walks of life can provide feedback through the following channels and methods.”
After the Bitcoin crackdown, the country continued its war against crypto.
Back in September, the People’s Bank of China in collaboration with the government took new measures against crypto. 10 different Chinese state authorities are cooperating to stop all virtual currency activities.
“Financial management departments, cybersecurity and information departments, telecommunications departments, public security departments, and market supervision departments work closely together to cut off payment channels, dispose of relevant websites and mobile applications in accordance with the law.”
After Bitcoin mining facilities were shut down during the summer, Ethereum’s ones also followed. SparkPool and BeePool stopped operating in China. The news had an immediate impact on ether’s price. But not for long.
“Spark Pool has suspended access to new users in Mainland China on September 24, 2021 (UTC+8). For the existing users in the mining pool, it is planned to complete the shutdown of all Spark mining pool businesses at home and abroad on September 30, 2021 (UTC+8) at 20:00 on the premise of ensuring the safety of user assets. Move out before then.”