CHINA BAN AND IMPACT ON CRYPTO
Comprehensive Ban on Crypto Activities
China’s central bank (PBOC) introduced a sweeping decree effective June 1, 2025, outlawing all cryptocurrency-related actions—trading, mining, and even private ownership. The law empowers authorities to seize crypto assets and enact strict penalties cointelegraph. Historically, China had progressively tightened restrictions since 2017, culminating in this blanket ban aimed at asserting financial control and boosting its digital yuan initiative