China has not issued a new crypto ban 🇨🇳🚫💱. It is just enforcing the old ban. Crypto is considered illegal, with risks like fraud and money laundering, while China promotes its digital yuan (e-CNY) 💴. In 2025, authorities monitored more strictly and targeted underground miners ⛏️. The ban started in 2013 (banks), 2017 (exchanges), and 2021 (full ban), reaffirmed in 2025. People can hold crypto at their own risk, and Hong Kong allows licensed trading. In short: no new ban, just stronger enforcement.
