In a dramatic and sweeping move, China has officially banned all forms of cryptocurrency activity from May 31, 2025 — and this time, it’s not just rhetoric.

From trading and mining to simply storing digital assets, the Chinese government has shut the doors on the crypto economy as a whole, signaling an aggressive turn toward centralized digital control.

❌ Cryptocurrency trading — banned in all cases

❌ Mining activities — completely shut down

❌ Owning or storing cryptocurrency — now banned for individuals

❌ Cryptocurrency exchanges — blocked both domestically and internationally

❌ Digital wallets — frozen, with increased surveillance

Chinese citizens have even been warned that owning crypto assets abroad could lead to a government investigation. The message is clear: a complete crypto lockdown.

Despite the panic, some investors are seeing this as a buying opportunity. Historically, such crackdowns have led to market corrections, only for assets to recover more strongly.