I am very sad by this news
SHANGHAI:HONGKONG
china's state planner wants to eliminate bitcoin mining In The country according to a draft list of industrial activities
The agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world's largest market for computer hardware
designed to mine bitcoin and other crypto currency even though such activities previously fell under a regulatory grey area. It did not stipulate a date or plan for how to eliminate bitcoin mining,meaning that such activities should be phased out immediately.
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Here valuable forum members
I dont know how they are going to implement it, from the start China was not nuetral about cryptocurrency, thus they are against with cryptocurrency as we can remember they ban cryptocurrency in their country and that is the start of the price to fall. I dont know what is their plan about cryptocurrency because recently they created a law regarding ICO.