China has debunked the claims of a renewed cryptocurrency ban, affirming that no new restrictions have been introduced.
Recall that a report surface on August 3, 2025, suggesting a policy shift, but authorities clarified that the country’s stance remains unchanged since the 2021 ban on crypto trading, mining, and related financial services.
The rumors, which spread via social media and unverified platforms, briefly impacted market; causing dips in Bitcoin and Ethereum before prices stabilized.
Bitcoin later recovered, closing at $114,472.47 with a $2.28 trillion market cap.
A regulatory source reiterated that no official announcement had been made with effect to the ban.
However, the People’s Bank of China and other key agencies have remained silent, further casting doubt on the credibility of the claims.
Crypto ownership remains legal in China, though trading and mining are still prohibited. Analysts warn that some reports have blurred this distinction, fueling unnecessary confusion.
Despite the rumors, no new regulations have been confirmed, and existing rules remain in effect.
