📰🚨 Rumors Swirl: Is China Set to Ban Bitcoin and Crypto (Again)?
In early August 2025, rumors began to circulate widely online suggesting that the Chinese government is preparing to officially ban the trading and mining of Bitcoin and cryptocurrencies once again. Some reports claimed a new crackdown could also extend to individual ownership of digital assets.
However, after a thorough review of credible sources, there is currently no official confirmation from Chinese authorities regarding any new ban. The rumors appear to stem from recycled or misinterpreted information, with no formal statements issued by key regulatory bodies such as the People’s Bank of China (PBOC), the State Administration of Foreign Exchange (SAFE), or the China Securities Regulatory Commission (CSRC).
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🔍 Current Status of China’s Crypto Regulations (as of August 2025):
Topic Status
❌ Crypto trading Officially banned since 2021
⛏ Crypto mining Nationwide ban enforced since 2021
👜 Private crypto ownership Not banned; treated as a protected asset
📣 New ban announcement No official confirmation at this time
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📌 Verified Sources Debunk the Rumor:
MEXC Research: Confirms there has been no new policy announcement from Chinese regulators.
PANews & ChainCatcher (Chinese media): Report that recent claims are likely based on social media speculation and mistranslations.
Reuters, Cointelegraph, CoinDesk: None have reported any updated stance or new ban from China.
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🤔 Why Are These Rumors Resurfacing?
1. Recent volatility in crypto prices has sparked investor panic.
2. Misinformation from forums like Binance Square has been taken out of context.
3. Lingering confusion from China's historical crackdown may fuel assumptions of ongoing repression.
