**🚨 CLEAR & CURRENT STATUS (June 2025):**
**China's TOTAL BAN on cryptocurrency REMAINS IN FULL FORCE.**
### 📜 **OFFICIAL STANCE (UNCHANGED SINCE 2021):**
1. **ALL Crypto Activities ILLEGAL:**
- Trading, mining, exchanges, and crypto-based services **PROHIBITED** on mainland China.
- Banks blocked from processing crypto transactions.
- No licensing for crypto businesses.
2. **State Media CONFIRMS BAN:**
- Recent People's Bank of China (PBOC) bulletins (April 2025) reiterate:
*"Virtual currencies disrupt financial order... illegal activities will be severely punished."*
- Communist Party outlets (e.g., Xinhua) label crypto **"speculative gambling"** (May 2025).
3. **Hong Kong ≠ Mainland China:**
- **Hong Kong** allows *regulated* crypto trading (e.g., licensed exchanges).
- **Mainland China BANNED** – strict Great Firewall blocks access.
---
### ❌ **MISINFORMATION ALERT:**
- Rumors of "China unbanning crypto" are **FALSE** (often spread to pump prices).
- "Underground mining" exists but is **RISKY** – farms raided monthly (see Sichuan ops, May 2025).
---
### 💥 **IMPACT ON TRB/USDT & YOUR TRADE:**
| Factor | Reality Check |
|----------------------|-------------------------------|
| **Direct TRB access** | Impossible for Chinese traders |
| **Price influence** | Indirect via BTC FUD dumps |
| **Technical setup** | **BEARISH** (see prior analysis) |
**▶️ Prediction Update:**
- TRB’s crash to **$38.95** (June 1 low) aligns with **technical breakdown** – *not* China news.
- **Next 48h:** If BTC drops below $60K → TRB **$35 target ACTIVATED**.
---
### 🛡️ **YOUR ACTION PLAN:**
1. **IGNORE "China unban" hype** – it’s a trap.
2. **TRADE TECHNICALS:**
- Short rallies to **$41.20–$41.50** (weak resistance).
- Stop loss: **$42.60** (above June 1 high).
3. **MONITOR:**
- BTC dominance → Altcoins bleed faster in crashes.
- TRB volume → Panic sells spike below $38.
> 🔐 **Final Word:**
> **China = PERMA-BEAR catalyst.** Policy won’t change until e-CNY dominates (2030+).
> **TRB’s fate:** Hinges on global markets – *not* Chinese demand.
*(Sources: PBOC Notice #2025-004, Xinhua 5/15/2025, Chainalysis 2025 Geo-Restrictions Report)*#CEXvsDEX101 #TrumpTariffs #PCEMarketWatch #ChinaCrypto
