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  • Bloomberg via Getty Images

    China wants to ban Bitcoin mining because it 'seriously wasted resources'

    by 
    Steve Dent
    Steve Dent
    04.10.2019

    As China tries to cut back on air pollution that has choked cities like Baoding and Shanghai, it's taking aim at cryptocurrency mining. The National Development and Reform Commission (NDRC), the country's chief planning regulator, has unveiled a paper with a proposal to ban Bitcoin mining, saying it has "seriously wasted resources."