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SURPRISE: China reverses Bitcoin Mining Ban.

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😲China reverses Bitcoin Mining Ban.

The Chinese Government is no longer pushing for the elimination of cryptocurrency mining (such as Bitcoin and Ethereum mining). This is a complete 180° reversal of government policy will take effect on 1 Jan 2020, meaning mining will a legal and taxable industry in China. Previously “Cryptocurrency Mining” was part of a list of industries to be eliminated. This change comes directly from the new edition of China’s Industrial Structure Adjustment Guidance Catalog, where an updated revision no longer mentions cryptocurrency mining as an industry to be phased out.

Clear sign that Chinese government understand the importance of mining and public Blockchains.

Read More at https://boxmining.com/china-blockchain-initiative/#cryptocurrency_mining_is_no_longer_banned_in_china