🚫 New Crypto Ban in China? Rumors Spread Fast 🇨🇳

Claims of a fresh wave of crypto bans in China surfaced yesterday, spreading quickly on social media - but so far, no official confirmation has been made. Some Chinese media outlets even say, “There’s no new ban.”

📜 Same Old Restrictions?
Reports mentioned bans on mining, trading, and related services - but those were already part of the broad 2021 restrictions. No new laws have been announced, and authorities remain silent.

📉 China’s History of Bans

2013: Banks barred from BTC transactions

2017: Exchanges banned; Binance left China

2021: All crypto activities banned during BTC bull run

💻 Yet Crypto Lives On
Despite restrictions, China remains a major crypto mining hub. Many miners moved to 🇷🇺 🇰🇿 🇺🇸 after 2021, but activity persists. DeFi platforms are also popular among Chinese users.

🌐 Hong Kong as a Gateway
Chinese investors often use Hong Kong for legal crypto operations, storing assets in cold wallets and returning afterward.

👉 So, while rumors claim “new bans,” the reality is China’s harsh stance hasn’t changed - and ownership of crypto is still allowed.