On August 3, 2025, reports circulated claiming that China had re-issued a ban on cryptocurrency, causing initial market volatility. However, sources close to Chinese authorities have denied these rumors, confirming that no new official restrictions have been announced. The regulatory status quo from 2021 remains in place, where crypto trading and mining are banned, but cryptocurrency ownership is still legal.
Initial media reports led to a temporary dip in major cryptocurrencies like Bitcoin and Ethereum, but the market quickly stabilized once it became clear that the rumors were unfounded. Both the People’s Bank of China and other regulatory bodies have remained silent on the matter, which has further reinforced the conclusion that no new policies are being implemented. A regulatory source, who chose to remain anonymous, stated that "No new official statements or bans have been announced by Chinese regulators as of today."
August 2025, Cryptoniteuae