#BinanceSquareTalks #BTC #Ethereum
In May 2025, China put a complete stop to all cryptocurrency activities, including trading, mining, and even owning digital coins like Bitcoin and Ethereum. This was the country’s toughest action yet in a long line of restrictions dating back to 2013. The government says the ban is meant to protect the economy, stop money from flowing out of the country, support its own digital currency (the digital yuan), and cut down on the environmental impact of crypto mining.
The news hit the global crypto market hard. Bitcoin fell by more than 10% in just one day, and Ethereum also took a big hit. As a result, many investors and crypto companies are now looking to move to countries with more welcoming regulations. This shift could spread crypto activity across the globe, but it also highlights how much digital assets depend on changing government rules. Other countries may follow China’s lead.
