🔥Recently, some news outlets (such as Financial Express and Hindustan Times) reported that China has banned individuals from owning Bitcoin, causing panic among many and potentially impacting the price of Bitcoin. However, there has been no official announcement from Chinese authorities regarding this.

The source of the information, said to be from Binance, is actually just a post on the Binance Square open forum, not an official report from Binance. Agencies such as the People's Bank of China, the Prosecutor's Office, or national financial committees have not issued any new statements.

China has a history of imposing many restrictions on Bitcoin (such as banning mining and banning exchanges), but Chinese law still recognizes individual ownership of Bitcoin as a type of asset. The restrictions primarily target the use of Bitcoin as currency or to bypass capital controls.

In summary:

• There is no new ban from China.

• Recent rumors have no official basis.

• Misunderstanding information can distort the market.

• Caution is needed with unverified news when making decisions related to Bitcoin.