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An announcement by the Chinese Embassy stated that Angola has banned cryptocurrency mining.

According to a local Chinese newspaper on April 20, the Chinese Embassy in Angola reminded of the cryptocurrency mining ban in the Republic of Angola, located in the southwest of the African continent.

As the third largest oil producer in Africa, Angola was once a leading oil supplier for China. After the ban on mining in China, some mining companies went to Angola.

On April 10, Angola put into effect a law banning mining of cryptocurrencies and other virtual assets. With this law, cryptocurrency mining is now considered a crime in the country.

According to the report, those who engage in illegal mining could face imprisonment for 1 to 12 years.

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