"Rumors of Crypto Ban in China Resurface in Some Communities… Beware of FUD"

YM Lee

Summary

It was reported that in some communities, rumors about a crypto asset ban in China are spreading as fact.
Wu Blockchain stated that at present, China has not banned crypto asset trading for individuals, calling these claims groundless rumors.
It was reported that Bitcoin mining is still ongoing within China.

Rumors are spreading in some communities that China has banned crypto assets (cryptocurrencies) without any supporting evidence.

On the 3rd (local time), Wu Blockchain, a crypto-focused media outlet, reported: "Some communities are spreading baseless rumors that China has re-banned crypto assets, but this is not true. Currently, China fully accepts crypto assets in Hong Kong and only bans institutional participation—not individual trading. Bitcoin mining continues to be carried out in various regions of China," it added.

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE

"Rumors of Crypto Ban in China Resurface in Some Communities… Beware of FUD"

PiCK News

"Strategy posts record buying spree even in a bear market"…accumulates 89,618 in Q1 alone

U.S. 'Strikes Iranian Missile Site Near the Strait of Hormuz…Maritime Threat Reduced'

XRP small-balance addresses hit an all-time high at 5.66 million, signaling growing retail inflows

[Analysis] "Bitcoin could fall once more before the next bull run… may drop to as low as $43,000"

[Analysis] "Bitcoin shows signs of recovering sentiment among U.S. investors… but a strong bullish reversal is still not in place"

Trending News