$BTC According to recent reports, China has indeed imposed a new ban that extends not only to trading and mining cryptocurrencies but also now includes individual ownership of digital assets such as Bitcoin. This represents a significant tightening of the country's policy regarding cryptocurrencies.

Previously, despite the bans on trading and mining, private ownership of cryptocurrencies in China was in a gray area: officially not encouraged, but also not considered a criminal offense. However, now, according to reports, individual ownership of cryptocurrencies is also banned.

This decision highlights China's commitment to centralized financial control and the promotion of the state digital currency - the digital yuan. It may also impact global trust in cryptocurrencies and create fluctuations in the market.