It’s official: China isn’t just anti-crypto — it’s zero-tolerance.
All crypto trading and mining? ❌ Gone. Illegal. Enforced.
🛑 Here’s the Breakdown:
🔒 Trading?
Buying/selling crypto = ILLEGAL
Running exchanges = ILLEGAL
Using VPNs for foreign platforms = Also ILLEGAL
⚒️ Mining?
Banned mid-2021
Reason: power drain, pollution, capital flight
Hubs in Sichuan, Inner Mongolia, etc., shut down
Massive miner exodus to U.S. & Kazakhstan
🔍 Why so harsh?
🔌 Energy crisis
💸 Capital control
💴 Push for digital yuan (e-CNY)
📉 Now?
Even VPN users and influencers are being tracked. China’s crackdown is in full swing.
⚠️ Bottom Line:
Private crypto is out in China.
But in global finance, never say never. 👀
#CryptoBan #ChinaNews