Recently, there has been information circulating on social media that the President of China, Xi Jinping, officially announced the legalization of XRP and the purchase of $40 billion XRP for the national cryptocurrency reserves.
However, these claims lack verifiable support from any government sources or reputable press, while China's cryptocurrency policy remains cautious and restrictive.
MAIN CONTENT
There is no official confirmation that China legalized XRP or purchased $40 billion XRP.
China continues to maintain a strict policy towards cryptocurrencies, prioritizing the development of the digital yuan (CBDC).
A Chinese company filing for a $300 million XRP fund is a private enterprise, not related to the government.
Who made this statement?
This information initially originated from social media posts within the cryptocurrency community, including individuals like Shibo on platform X, claiming that President Xi Jinping announced the legalization of XRP along with a strategic purchase of $40 billion XRP. However, these posts do not cite any official sources from Chinese authorities or reputable media reports.
What does fact-checking reveal?
There have been no official statements from President Xi Jinping, the People's Bank of China, or state media confirming plans to legalize XRP or purchase $40 billion XRP for the national reserve fund. China's cryptocurrency policy since 2017 continues to prohibit trading and mining cryptocurrencies while focusing on the controlled development of the digital yuan (CBDC).
Unlike the United States, which established a strategic Bitcoin reserve at the beginning of 2025 with directives and official announcements, China shows no signs of establishing a similar strategic cryptocurrency reserve fund.
This is a misleading rumor not based on official evidence. China continues to prioritize the development of the digital yuan while tightening regulations on decentralized cryptocurrency trading.
Mr. Li Wei, digital finance expert, Chinese Academy of Sciences, 2025
Is there any evidence related to the cryptocurrency fund of the Chinese company?
The Chinese mobile AI technology company Webus International recently filed with the SEC with plans to raise $300 million to integrate XRP Blockchain and develop its business. However, this activity is that of a private enterprise, not related to the Chinese government or national cryptocurrency reserve projects.
Comparison table verifying claims
Statement Verification Evidence President Xi Jinping confirms the legalization of XRP No official confirmation from Chinese authorities or reputable media purchasing $40 billion XRP for the national reserve fund No evidence, current policy still focuses on the digital yuan Users of Binance and social media spread information Unverified information, no sources outside of social media A Chinese company establishes a $300 million XRP fund Private enterprise with its own business plan, not a state project
Frequently Asked Questions
Is China really legalizing XRP?
There is currently no official statement from the Chinese government regarding the legalization of XRP.
What is China's current policy towards cryptocurrencies?
China maintains a strict policy prohibiting cryptocurrency trading and mining, focusing on developing the digital yuan CBDC.
Is there any Chinese company related to XRP?
Yes, a Chinese AI company has registered a $300 million XRP fund, but this is a private enterprise activity.
Is the information about the purchase of $40 billion XRP credible?
This information is an unverified rumor and is not based on any official evidence.
Is there a strategic cryptocurrency fund in the United States?
The United States established a strategic Bitcoin reserve fund at the beginning of 2025 with official directives from the government.
Source: https://tintucbitcoin.com/xrp-duoc-trung-quoc-duyet-du-tru/
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