According to a document released by the state planner on Friday, China has added cryptocurrency mining to a draught list of businesses in which investment is limited or barred, albeit reducing the number of sectors on the list overall.
The “negative list” specifies which businesses and areas are off-limits to both Chinese and foreign investors. This year, Chinese regulators prohibited cryptocurrency trading and mining, with the country’s central bank vowing last month to eliminate “illegal” cryptocurrency activity. As a result of the crackdown, cryptocurrency exchanges have discontinued ties with Chinese users.
The state planner said it was halting the investment of “non-public” capital into a variety of publishing activities, including live broadcasts, news-gathering, editing and broadcasting entities, and the operation of news.
Non-public capital cannot be involved in the introduction of news released by overseas entities or summits and award selection activities in the field of news and public opinion, the NDRC added. The draught 2021 list of industries in which investment is limited or barred has been reduced to 117, down from 123 in 2020, according to the National Development and Reform Commission. There are no restrictions on who can invest in industries that aren’t on the list.
