Reminder of Mining Ban in Angola Following Bitcoin Halving from China!

An announcement made by the Chinese Embassy stated that Angola has banned cryptocurrency mining. According to a news presented in the local Chinese media on April 20, the Chinese Embassy in Angola reminds of the ban on cryptocurrency mining in the Republic of Angola, located in the southwest of the African continent. Angola, the third largest oil producer in Africa, was once China’s leading oil supplier. After mining was banned in China, some mining companies went to Angola. On April 10, Angola put into effect a law regarding the ban on miners of cryptocurrencies and other virtual assets. With this law, cryptocurrency mining is now considered a crime in the country. According to the news, those who mine illegally could face imprisonment from 1 to 12 years.