🇨🇳 Headlines have resurfaced about "China banning cryptocurrency" — such news regularly causes panic, especially among new investors. However, it is important to understand that the reality is much more complex and ambiguous. Timeline of bans:

🔴 June 2009: ban on the use of virtual currencies for payment of goods.

🔴 December 2013: ban for banks on conducting operations with BTC.

🔴 April 2014: requirement to close accounts related to trading.

🔴 September 2017: complete ban on ICOs and closure of cryptocurrency exchanges.

🔴 June 2021: ban on cryptocurrency mining.

🔴 September 2021: complete restriction of cryptocurrency transactions for individuals and companies.

🔴 May–June 2025: tightening of rules — not only trading and mining are prohibited, but also personal ownership of cryptocurrency, with risks of confiscation and fines.

Despite such an aggressive stance on paper, China remains one of the largest cryptocurrency holders and players in the industry. New bans are not news, but part of a long-standing and ambiguous policy.