BlockBeats news, on August 3, today, several overseas media and KOLs, including Kalshi, First Squawk, and The ETF Store president Nate Geraci, reported the so-called 'China has just announced a formal ban on cryptocurrency trading and mining.' BlockBeats has learned from multiple sources that there has not been any relevant ban announced recently.
In fact, as early as May 19, 2021, China had completely banned cryptocurrency mining activities.