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Cryptocurrencies

China wants to ban bitcoin mining, traders say move not a surprise

SHANGHAI/HONG KONG (Reuters) -- China's state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.

China is the world's largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area.

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