Latest update August 2025 after news circulated that "China is back to banning cryptocurrencies" recently confirmed by many sources that:
โณ๏ธ Individuals in China can generally hold and trade cryptocurrencies legally.
โ๏ธ However, companies, financial institutions, and organizations are still restricted from investing or engaging in cryptocurrency-related activities.
This is a significant change in policy direction of China, which clearly distinguishes between minor rights and institutions.
๐งพ Latest status of the cryptocurrency market in China:
๐น Individual cryptocurrency trading โ โ Allowed, not illegal.
๐น Investment by institutions/companies โ โ Strictly prohibited.
๐น Opening of Exchange or ICO โ โ Not yet permitted on a large scale.
๐น Development of stablecoin pairs โ โ Really starting in the future (permission has been granted).
๐ Analysis direction:
China may not fully open 100% cryptocurrency trading, but the distinction of "minor rights" with "institutional limitations" serves to illustrate that:
* The government needs to control the risks of the system.
* However, it still does not close the opportunity for the public to access digital assets.
* The development of Stablecoin in the future might be a major unit of currency in China.
