China considering the inclusion of crypt ...

China considering the inclusion of crypto mining to 'negative list' of industries

Oct 10, 2021

  • China added crypto mining to a draft list of industries in which investment is restricted or prohibited, although it reduced the number of sectors on the list. 

  • The "negative list" details sectors and industries that are off-limits to both Chinese and foreign investors. 

According to a report released on Friday by the state planner, China has added crypto mining to a draft list of industries whose investment is prohibited or restricted, even though it minimized the listed sectors in general. 

The "negative list" showcases industries and sectors that are off-limits to Chinese and foreign investors alike. 

Regulators in the country blacklisted crypto mining and trading this year, with the China central banking pledging to expel "unlawful" crypto activities in September. 

The ban has influenced crypto exchanges to restrict Chinese users. 

China also has enhanced control over public discourse, banning show business for 'influencing" society and requesting mobile browsers to eradicate the spreading of false information, the utilization of sensationalist headlines as well as the publishing of content that breaches the basic values of socialism. 

The state planner stated that it was terminating the investment of "non-public" capital into diverse publishing activities, such as newsgathering, live broadcasts, editing and broadcasting organizations as well as the operation of news. 

The NDRC added that non-public capital is prohibited from involving the introduction of news shared by international entities or summits and consider selection activities in public opinion and news and public opinion. 

The National Development and Reform Commission said the draft 2021 shortlists industries where investment is either banned or restricted totaling 117, down from 123 in 2020. 

Industries not featured on the list can invest to all without any approvals. 

 
 

 
 

 
 

 
 

 

 

 

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