China’s Crypto Ban – 2025 Update 🚨

China has taken its most decisive step yet in reshaping the digital asset landscape.

🔹 Effective June 1, 2025:

All private possession, trading, and mining of cryptocurrencies are now fully prohibited.

The digital yuan (e-CNY) is the only legal digital currency.

🔹 Why the Ban?

Ensure financial stability ⚖️

Reduce systemic risks 🛡️

Strengthen national security 🇨🇳

🔹 Other Developments:

Shanghai SASAC exploring stablecoin & blockchain strategies (possible pilot zones).

Revised AML Law now covers crypto-related transactions.

🔹 Looking Ahead:

Speculative crypto activity erased in China.

Focus shifts to blockchain infrastructure, fintech innovation, and e-CNY global expansion.

The digital yuan is now the centerpiece of China’s digital financial system.