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Mining Market gets optimistic in China!

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Mining Market gets optimistic in China!

Due to a change that has occurred through a new edition of the China Industrial Structure Adjustment Guidance Catalog, which will take effect from early 2020, Bitcoin mining (BTC) will not face state repression in China, confirmed the authorities in new official documents.


According to the cointelegraph website the Chinese mining market is optimistic that President Xi Jinping's recent endorsement of blockchain technology coincided with a dramatic increase in BTC / USD, after which local media warned of misinterpretation of comments as encryption support.

This seems to signal to the world that China, after adopting blockchain technology endorsement, makes mining no longer appear on a list of sectors that Beijing considers undesirable.

To learn more check out the news available at:

https://cointelegraph.com/news/bullish-for-bitcoin-china-scraps-plans-to-ban-cryptocurrency-mining

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