China is banning crypto?
- Thread starter JB2302
- Start date
D
Deleted member 1603965
Guest
Maybe @ChrisHasADog can shed some light on this as he is from China.
- Feb 24, 2019
- 5,238
- 1,530
Not able to find any credible source of is it happening or not. But looks like china always goes the opposite way, and as a paradox chinese govt is largest holders of crypto themselves.
- Mar 19, 2025
- 459
- 65
They've been banning crypto since 2017. I think this is probably just recycled FUD.
ChrisHasADog
Registered Member
- Aug 28, 2024
- 69
- 1,883
Prohibited, but not heavily censored.
seoforever1
Regular Member
- Jan 21, 2025
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I know lot of people who were making payments in crypto even after past bans.
TopRank Digital
BANNED
- May 12, 2025
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China has made repeated crypto bans before—could be recycled news unless confirmed by reliable sources like official state media or major outlets.
- Nov 16, 2011
- 19,794
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I also heard the news. But it does not matter because there was clearly no effect of Bitcoin price movment.
tsudoko
Newbie
- Aug 23, 2023
- 20
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LOL facts, I was about to mention - they banned it again?!
musei
BANNED
- Aug 19, 2023
- 21
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They actually already banned BTC mining like 5 years ago. At this point I don’t think banning it altogether is viable though, how do you block people from using something thats decentralized as a whole and an easily be traded p2p.
- May 14, 2023
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Exactly, it's already partially banned for years
But it's not strict, there are millions of crypto investors in China
And if they finally lift crypto restrictions, it could have a huge effect on the whole market
terrycody
Elite Member
- Sep 29, 2012
- 6,422
- 3,329
We don't allow crypto.
Because it has no real world usage, and only seen as a way to gambling and washing dirty money. Our country is protecting people.
But sure, there are still some sneaky ways if one really want to trade it. We already protected the most innocents.
Because it has no real world usage, and only seen as a way to gambling and washing dirty money. Our country is protecting people.
But sure, there are still some sneaky ways if one really want to trade it. We already protected the most innocents.
xReminisce
Elite Member
- Dec 29, 2012
- 7,333
- 36,788
Crytononame
Senior Member
- Oct 24, 2024
- 804
- 442
China's been consistently cracking down on crypto for years, and this May 31, 2025 ban is the big finale, officially making private ownership of crypto illegal for individuals.
Here's a quick rundown of the key bans leading up to this:
2013: The People's Bank of China told financial institutions they couldn't trade Bitcoin or other crypto assets.
2017: They shut down crypto exchanges, basically making legal trading impossible, and also banned ICOs.
2021: The government declared mining and crypto transactions illegal, and blocked foreign crypto exchanges from serving Chinese citizens. Up until this point, owning crypto in private wallets wasn't formally illegal, even though trading it was tough.
So, before 2025, trading, mining, and transactions were all banned. This new ruling on May 31, 2025, finally closed the loophole and made simply owning crypto illegal for individuals in China.
zebnex
Junior Member
- Aug 12, 2021
- 191
- 80
Not too surprising given China’s strict over the years. This final ban really seals the deal, though.
21KSuccessStory
Regular Member
- Oct 6, 2024
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