Is Crypto Banned in China? A Full History of China’s Crypto Crackdowns
Since Bitcoin's launch in 2009 and its rapid rise in popularity and value, China has maintained a consistently strict stance toward cryptocurrencies.
Over the past 13 years, Chinese authorities have implemented crypto-related bans at least 18 times, underscoring the government's firm opposition to digital assets. These repeated crackdowns reflect the country’s broader efforts to control financial risks and maintain regulatory oversight over capital flows.
Despite these aggressive measures, China’s crypto scene has continued to show signs of resilience. Many in the industry attribute this to the fact that the bans, while serious, have often left legal gray areas that allowed certain activities to persist—demonstrating the complex and evolving nature of crypto regulation in China.