China's Crypto Crackdown
China’s strict crypto policies, impacting Bitcoin, Ethereum, and Binance Coin, intensified in 2025. New laws from December 2024 restrict cross-border crypto transactions, targeting money laundering and underground banking. Banks must block crypto-linked activities, pushing major players like Binance to relocate abroad. China’s digital yuan (e-CNY) is prioritized over decentralized cryptocurrencies, reflecting a state-controlled approach. Once a Bitcoin mining hub (67% of global supply in 2020), China banned mining in 2021, reshaping the global market. These measures aim to curb financial risks but stifle innovation, driving crypto businesses to friendlier jurisdictions. Other nations may not follow China’s harsh model, as it limits economic potential in the crypto sector.$ZRO