China Cancel it plan of Eliminating Bitcoin Mining Industry

China's Bitcoin Mining

China one of the biggest manufacturers of Bitcoin Mining gear has decided not to eliminate mining of the cryptocurrency, the state official planner indicated.

This came after china's National Development and Reform Commission (NDRC) in April sought public opinion on a revised list of industries it wanted to encourage, restrict or eliminate. Which Bitcoin Mining was among the activities on the list at the time.

However, the final list published by the official planner during the NDRC press conference on Wednesday stated that since the release of the initial draft, the agency has received over 2,500 suggestions on various issues most of which were taken into consideration, although the officials didn't comment on any particular suggestion related to Bitcoin mining.

China is the world's largest market for computer hardware designed to mine Bitcoin and other cryptocurrencies.

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