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Report: PBOC Not Looking to Shut Down Bitcoin Mining

Report: PBOC Not Looking to Shut Down Bitcoin Mining

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FintechNews Roundup
··1 min read

As CoinDesk reports Chinese publication Caixin said that the PBOC did not hold a meeting on shutting down mining activities; the meeting was supposed to be held on January 3rd and meant to focus on banning mining; the news means that the Chinese government is taking a more agnostic approach to bitcoin mining, not endorsing it but at the same time not banning it; more concrete news should surface in the coming months, for now firms like Bixin and ViaBTC will keep operating. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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