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China Bitcoin Mining Ban?
China bans crypto initial coin offerings In an attempt to buoy a weakening yuan and block money from flowing out of China illegally, the. China's regulators clarified on Friday (Sept. 24) that cryptocurrency transactions and mining are illegal, the country's strongest stance. Then it banned all domestic crypto mining in June, and finally outlawed cryptocurrencies outright in September. The world's second-largest.

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At this point, ICOs were the hottest component of the crypto industry, allowing entrepreneurs and developers to raise funds for their projects by issuing and selling tokens. It is possible that authorities want to keep the door slightly open to crypto itself, just in case. Subscribe now to receive our weekly China Edition newsletter. Huobi Global, a Chinese based crypto-currency exchange, stated it would gradually close Mainland China accounts by December 31,

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