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
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