China Issues Warning to its Citizens in Angola Involved in Crypto Mining

The Chinese Embassy in Angola has reminded its nationals of Angola's recent prohibition of all crypto mining activities. The authority issued a firm warning, emphasizing severe penalties to those who violate the law. The Angolan parliament passed a bill early this year on the “Prohibition of Cryptocurrency and Other Virtual Asset Mining,” which became effective on April 10. Under this law, any form of crypto mining is termed as a ‘criminal’ offence. The warning comes at a time when China’s blanket ban on crypto mining, implemented in 2018, followed a mass exodus of miners to various African nations.

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