China was among the first countries to adopt cryptocurrency with enthusiasm. The country was one of the largest markets in the crypto, because the popularity of Bitcoin and Ethereum developed among the citizens. As crypto demand increased, China has tightened its rules and regulations to maintain stability and protection. In 2025, China implemented an important law which changed the entire landscape of the crypto.
Table of contents
- Crypto regulations in China
- Cryptographic tax in China
- Crypto license in China
- Adoption of cryptography in China 2025
- Conclusion
- Faq
Crypto regulations in China
May 30, 2025- Full property prohibition
- Banque Populaire de China (PBOC) has prohibited all cryptographic activities, including trade, mining and individual property.
- The crypto ban decree has entered into force from June 1, 2025, indicates the suspension of cryptographic transactions, asset entry measures, application and penalties.
Previous major crypto regulations in China –
| Date | Law / regulation | Details |
| September 24, 2021 | Trading, exploitation and ban on crypto transactions | Effectively prohibit digital tokens such as Bitcoin |
| June 2021 | Ban on cryptographic exploitation | Concerns about cryptocurrency |
| January 2018 | Crypto-monnaies repression | Minors have changed operations abroad |
| September 30, 2017 | Ico Ban | ICO, Crypto exchanges, stop |
| April 1, 2014 | Bitcoin trading closure | Pboc ordered to close the Bitcoin trading accounts |
| December 5, 2013 | Banking restrictions | Banks / payment institutions prohibited from Bitcoin transactions |
| June 2009 | Prohibition of virtual currencies | To avoid buying real world products |
What does the Chinese cryptocurrency say the Chinese government?
By implementing the recent ban on cryptocurrency, the Chinese government reaffirms its commitment to centralize financial control and promote the use of its digital currency supported by the State, the Yuan. His current accent is on:
- Prohibit private property from crypto
- Acceleration of the adoption of central bank digital currency (CBDC)
- Reduce the financial risks linked to the crypto
- Reaffirms its financial hegemony by prohibiting the decentralized crypto
Cryptographic tax in China
While China has implemented a ban on trade, exploitation and property of cryptography, any cryptographic tax is not relevant. He has ceased all cryptographic activity, while focusing on blockchain’s innovations with his digital yuan. The government does not focus on cryptographic tax as long as the cryptography ban remains.
Crypto license in China
China has no crypto license, because Beijing has widened its cryptography ban. Since no one will be able to hold crypto or other digital assets (except its own digital yuan), license implementation is not necessary.
Adoption of cryptography in China 2025
Before China imposed the crypto ban in 2025, the adoption rate fluctuated and the market was unstable. Given that Chinese crypto policies are too strict and have made the feeling of the rigid market, he influenced users to use VPNs to access foreign exchanges. This has raised certain concerns concerning the crypto, and ultimately, the government prohibited it.
Conclusion
When the crypto was regulated in China, the government had a complete silver anti-flowage frame (LMA) and a counter-financial terrorism framework (CFT). However, after its historical changes to ban the crypto private property, China focuses on the centralization of political power and encourages it to the country’s digital currency. Despite restrictions, the use of crypto for illicit activity remains a concern for the Chinese government.
Faq
Is the cryptocurrency legal in China in 2025?
No, on June 1, 2025, China implemented a complete ban on all Crypto activities, including trade, mining and individual property, which makes it illegal to hold or transform into crypto.
Why did China prohibit cryptocurrency?
China has prohibited cryptocurrency to centralize financial control, accelerate the adoption of its digital yuan supported by the State (CBDC), mitigate financial risks and reaffirm its financial hegemony by prohibiting decentralized crypto.
How was the adoption of cryptography affected by Chinese regulations?
Before the ban on 2025, strict China policies led to fluctuating the adoption and instability of the market, pushing users to access foreign exchanges via VPN. The complete ban aims to eliminate the use of private cryptography.
Does China have the crypto in the future?
It is very unlikely that China will completely get rid of the possession of private cryptography in the near future. Their prohibition strengthens financial control and promotes digital yuan, without current signs of inversion of decentralized digital assets.
