There’s news circulating that China has announced a ban on cryptocurrency, mining, trading, and related services.
ㅤ
But based on all available information, there’s no confirmation from any official Chinese government source. No formal announcement has come from the People's Bank of China or any other regulatory body, and the claims appear to be based on rumors spreading across social media and a few websites.
China did ban crypto trading and mining back in 2021, so this kind of news isn’t new, but right now, there’s no new policy update or fresh ban confirmed. What’s likely happening is that people are reacting to old regulations or changes in enforcement and mistaking them for new laws. Rumours talking about a complete ownership ban or market wipeout are likely exaggerated or misleading.
Until there’s an official statement, it’s safe to say the current situation hasn’t changed, and it’s best not to make assumptions based on headlines alone.