- China denies new crypto bans, emphasizing no official restrictions beyond 2021’s exchange and mining crackdowns.
- Bitcoin remains active in China via P2P apps and VPNs, with $20B+ daily transfers linked to Chinese addresses.
- Hong Kong’s 2025 licensing regime for crypto trading aims to attract blockchain projects under its separate legal framework.
- China advances e-CNY development and explores tokenized assets, balancing blockchain innovation with monetary control.
- False ban claims misrepresent stable regulatory status, as private crypto transactions persist despite institutional restrictions.
False claims are circulating that China has imposed a new ban on cryptocurrency, but these assertions lack credible evidence or official statements from Chinese authorities [1]. The rumors, which rely solely on hearsay, contradict the status quo established in 2021, when China implemented major restrictions targeting crypto exchanges and mining operations. No additional measures have been introduced since then [1].
Bitcoin currently trades at $114,071 USD, with a market capitalization of $2.27 trillion and a 24-hour trading volume of $53.98 billion, maintaining its position as the leading digital asset [1]. Despite the regulatory environment, peer-to-peer transactions continue to operate on messaging apps, and many Chinese users access foreign exchanges using virtual private networks. On-chain data reflects continued activity, with daily Bitcoin transfer volumes frequently...
- China denies new crypto bans, emphasizing no official restrictions beyond 2021’s exchange and mining crackdowns. - Bitcoin remains active in China via P2P apps and VPNs, with $20B+ daily transfer...