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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
China has imposed an outright ban on cryptocurrency trading, mining and related services, citing threats to financial stability, the risk of capital flight and the sector’s heavy environmental footprint. The move deepens a years-long crackdown that previously shuttered mainland exchanges and drove many mining operations offshore. By eliminating any remaining legal avenues for digital-asset activity, Beijing is signalling its determination to curb speculative trading and to align energy-intensive industries with its climate targets.
every time China banned Bitcoin - Dec, 2013 at $900 - Jan, 2014 at $850 - Sep, 2017 at $3k–3.5k - May, 2021 at $30k - June, 2021 at $33k - Sep, 2021 at $42k - June, 2025 at $111k
Because the weekend has been so far pretty quiet (and understandably so) - all the professional engagement farmers crowd had nothing better to do than recycling a spreading the news China banned all crypto transactions and ownership in the country - THIS IS THE CASE SINCE 2021 https://t.co/PTjg4sfSte
CHINA BANS ALL CRYPTO TRADING, MINING, AND RELATED SERVICES OVER FINANCIAL AND ENVIRONMENTAL CONCERNS. Honestly, this move was expected… China’s been tightening the noose on crypto for years.
