China leaves bitcoin mining out of list of restricted activities | China News

China, which is among the biggest manufacturers of bitcoin mining gear, has decided not to follow through on a government proposal that it eliminate mining of the cryptocurrency, the state planner has indicated.

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. Bitcoin mining was among the activities on the list at the time.

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However, the final list published by the state planner on Wednesday did not mention bitcoin mining. Its exclusion was reported by industry website CoinDesk.

It was not clear what the NDRC’s reasoning was for this move. The NDRC did not immediately respond to a faxed request for comment.

China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, but such activities have fallen in a regulatory grey area.

While China has been developing its own digital currency, it has in recent years moved…