Reports about China issuing a fresh ban on cryptocurrency in 2025 have sparked confusion, but the reality is more nuanced. China has maintained a strict ban on crypto trading, mining, and exchanges since 2021. However, despite rumors, no new law has been introduced this year to prohibit private ownership. Citizens are still allowed to hold digital assets, as they are considered personal property under Chinese civil law.
The Chinese government’s focus remains on promoting its centralized digital currency—the e-CNY—while discouraging decentralized alternatives. Claims of a new crackdown are unsubstantiated, with no official confirmation or legal amendments supporting them.
China hasn’t introduced any new cryptocurrency ban in 2025. The existing 2021 ban on trading, mining, and exchanges still applies, but private ownership remains legal. Reports of fresh restrictions are unverified. Beijing continues to back its state-run digital yuan while discouraging decentralized coins.
China crypto policy, digital yuan, crypto ban reality
