China banned crypto! Is this true?

You asked a great question — here is the actual scoop

No New Ban on Crypto in China! The current ban on crypto trading, mining, and anything related dates back to 2021—when the government ordered a new set of regulations, which led to institutions not being allowed to offer services. But private ownership of cryptocurrencies is still allowed.

Recent headlines about China applying a sweeping ban on personal holdings are not supported by official announcements. Nor is there any official confirmation from the authorities of a change in regulation, such as alarming claims from May 2025 that China had banned private ownership,

However, Beijing still prohibits crypto trading and mining as well as the services supporting them banks. At the same time, China has been actively advertising its own government-controlled digital currency – known as the digital yuan.

So, the rumours are incorrect, and hence the statement that “China banned crypto again” is also false. While the crypto restrictions that have been in place since last year still apply, nothing new has been introduced in terms of ownership to my knowledge (and at least nothing officially).