China crypto ban is not real

Rumors are circulating that China has banned crypto again. This is not true. Hong Kong of China, as a pilot zone, is fully embracing cryptocurrencies. Also, the China has never banned individual crypto transactions; only prohibits institutional participation.

Bitcoin mining, despite being banned two years back, still occurs in many parts of China and Stablecoins and RWAs are gaining popularity among Chinese government officials. More companies holding BTC as a treasury asset, Spot cypto ETFs, improved crypto regulatory frameworks especially in the US, etc.

So, how then can China ban cryptocurrencies at this point? It makes no sense to even believe in such rumors. Mainland China, however, is locking it down—no public trading, no legal mining, no stablecoins or RWAs on open chains; the e-CNY remains the only digital playbook.

Don’t let rumors fool you: the regulatory lines are clear, and only HK is pushing the Web3 edge. Curious which projects are thriving under these regimes?

In fact, Hong Kong is doubling down as Asia’s compliant crypto sandbox—licensed exchanges, RWA pilots, and a coming stablecoin rulebook are all in play. Institutions and retail both get access, but only via regulated channels, with investor protections ramping up.