#china #ChinaCrypto
🇨🇳 China’s Full Cryptocurrency Ban & Emerging Policy Signals
China has just escalated its crackdown: as of May 31, 2025, the government banned all crypto activities, including trading, mining, and even personal ownership of assets like Bitcoin and Ethereum. This is the most sweeping restriction yet, enforcing surveillance and freezing wallets to prevent capital flight and promote the digital yuan .
The market reacted quickly—Bitcoin plunged below $106K, and altcoins like SOL and XRP faced sharp declines as investors rushed to exit . While some media report a ban on crypto ownership, there's debate over whether these reports are official or speculative, as China typically relies on strict enforcement and indirect controls .
Meanwhile, regulators in Shanghai are considering a pivot: high-level discussions on regulating yuan-backed stablecoins suggest potential openness to state-backed digital assets under strict licensing regimes .
Market takeaway: China has doubled down on banning crypto, but stablecoin innovation may offer a controlled pathway forward. Traders should prepare for volatility and shifting regulatory signals.
