BREAKING BREAKING BREAKING 💡
🇨🇳 China has stated: "The ban on cryptocurrencies remains in place." 👀
But the hash rate tells a different story: China's share has already risen to 21%.
The People's Bank of China 🇨🇳 has officially confirmed that the ban on cryptocurrencies and mining, adopted in 2021, will not be lifted. In a new press release, the regulator reiterated the key points:
virtual currencies are not legal tender;
they cannot be used in trade;
activities involving digital assets will be considered illegal;
mining and trading are subject to severe punishment.
The authorities have singled out stablecoins as a threat due to their use, according to the regulator, in:
money laundering;
investment fraud;
illegal cross-border transfers;
payment for prohibited goods and services.
Despite the official ban, China is returning to mining. Analysts' data suggests otherwise: China's share of the global hash rate has grown to 21.11%.
This means that almost every fifth bitcoin is currently mined in China — a country where mining is formally completely banned.
This confirms several key trends:
🔹 1. Shadow legalization through "gray areas"
Energy-rich regions (Xinjiang, Yinchuan, Guizhou) unofficially allow miners to operate within "industrial data centers."
🔹 2. Global electricity shortage — surplus in China
🔹 3. Even strict bans do not stop profitability
🎯 Why does China maintain the ban officially but allow mining in practice?
Analysts point to three main reasons:
✔ China controls capital
Any legal crypto sector automatically creates "holes" in the control system.
✔ Mining is energy policy
Blocking useful energy consumption in regions with a surplus is irrational.
✔ China does not want a repeat of the 2017 ICO era
ATTENTION SIGNAL ALERT 💡
$WLD 🌟
The trade to remove the upper part of liquidity and overlap areas of interest in the form of an imbalance.
LONG 0.6368 - 0.6342
TP 0.645 - 0.69 - 1++ OPEN
SL 5%
LONG NOW $WLD 🥳
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