China banned all major crypto exchanges in 2021 and still enforces the ban strictly in 2026. Binance, Coinbase, Kraken, and others are blocked. Holding crypto isn't illegal, but trading through exchanges is. The government promotes its own digital yuan instead.
learn moreAs of 2025, crypto payments are completely banned in mainland China. The government prohibits trading, mining, and even holding cryptocurrencies. The digital yuan (e-CNY) is the only legal digital payment option.
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