National Development and Reform Commission of China is soliciting comments from the public concerning the recent ban of crypto mining activities in China.

According to a statement titled “Public Solicitation of Comments” published on Thursday, the commission is now receiving feedback from ‘relevant units and people from all walks of life.’ Relevant units and people here could be mean actors in the cryptocurrency economy, such as miners, investors, and the general public.

“In accordance with the relevant work arrangements for the rectification of virtual currency “mining” activities, the National Development and Reform Commission and relevant departments have revised the “Industrial Structure Adjustment Guidance Catalog (2019 Edition)”, and now solicit opinions from the public.,” the statement read.

In the last 24 hours, bitcoin is down by 4.46%, with a current price of $63,577.64 as at the time of writing this. Within 24 hours, bitcoin dropped to $63,087.37 low and $66,974.77 high. The trading volume of bitcoin in the last 24 hours is $3.09B. The current market capitalization of bitcoin is $1.20B. Currently, $18.82M bitcoins is in circulation.

Stats and Image from Coin Desk

The commission would be receiving feedback via emails, physical mail, and comments sections on the commission’s website for one month, from October 21, 2021, to November 21, 2021.

China recently banned all crypto transactions and mining. The crackdown led to an exodus of miners from China.

The U.S has since replaced China as the dominant crypto mining nation that previously accounted for three-quarters of the global Bitcoin hash rate.