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🚫🇨🇳 China’s Total Crypto Ban – What You Should Know Yes, it’s true — China has officially outlawed all cryptocurrency trading and mining. And this isn’t just policy on paper; it’s being strictly enforced nationwide. 🛑 The Ban at a Glance: 🔒 Crypto Trading? Completely Prohibited. Since September 2021, China’s central bank declared all crypto-related transactions illegal. This covers: Buying and selling crypto Operating exchanges Using overseas platforms via VPNs Every financial service tied to crypto is banned. ⚒️ Mining? Also Banned. Back in mid-2021, China shut down all crypto mining operations due to: High electricity consumption Environmental concerns Financial system risks Tightening control over capital movement Regions like Inner Mongolia, Sichuan, and Xinjiang saw mining farms dismantled, pushing miners to relocate to the U.S., Kazakhstan, and other crypto-friendly nations. ❓Why the Harsh Measures? ⚡ Energy Strain – Mining was draining the grid. 💸 Capital Controls – Crypto bypasses China's strict financial rules. 🪙 Digital Yuan Push – China wants its official e-CNY to lead the digital currency race, and crypto is seen as competition. 🔍 What’s the Situation Now? While some still try to access crypto using VPNs, the government is cracking down harder — targeting platforms, influencers, and anyone involved in the space. ⚠️ Bottom Line: China is currently completely out of the crypto game. Private cryptocurrencies are shut out — for now. But in the ever-changing world of finance, things could shift again. 👀 #ProjectCrypto #TrumpTariffs #MarketPullback

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