🇨🇳💥 Has China banned cryptocurrency? Here’s the truth in 2025!
🚫 Yes, China officially banned all cryptocurrency trading and mining since 2021 — neither Binance, nor Coinbase, nor local exchanges. Even mining farms were shut down. Banks are also not allowed to support cryptocurrency.
🔐 BUT... cryptocurrency is not completely dead in China.
✅ Personal ownership of cryptocurrency is NOT illegal.
People can still hold Bitcoin, ETH, etc., but trading occurs underground through P2P, OTC brokers, VPNs, and routes through Hong Kong.
💸 Despite the ban, over 86 billion dollars in cryptocurrency was exchanged just in 2023 from China! The crypto spirit refuses to die 💪
⚖️ In 2025, Chinese courts even labeled cryptocurrency as "legal property" — a small victory for hodlers.
👀 And guess what?
Shanghai regulators are now discussing rules for stablecoins 👀
Maybe the dragon 🐉 is preparing a comeback through regulated cryptocurrency?
🔥 Conclusion:
China bans cryptocurrency on the surface...
But under the radar, the market is still alive.
Never underestimate the underground bull 🐂