The thing now is that the ban statement is not from any governmenal regulatory body in China and also not from the Chinese government. That makes it kind of irrelevant.

According to what I read online about it, the source is likely from Binance Square where anybody can register and post something.

There's running rumors about it and many article spread, but there's no official announcement has been issued by govern bodies on that country.

This is sample article https://www.dart-europe.eu/china-bans-holding-bitcoin-what-it-means-for-crypto-investors/

Before what they didn't allow is trading and mining, but now it seems that they push their banning to next level then make sure that no one in China would hold Bitcoin and other alts because they are pushing to introduce digital yuan and be used by their citizens.

This is really crazy and it seems that people don't have freedom to choose what they like in their country.

There doesn’t seem to be any credible source. If this is really coming from the government, there should be an official post or statement, and that’s the most reliable source.

Until then, this could possibly be misinformation. But either way, we already know China’s stance on Bitcoin.

I have searched the web (only articles published in the last month) in Chinese about a "cryptocurrency ban china".

Google search link is here.

Same search in Baidu: here.

I didn't find anything recent (i.e. since May 2025) with the exception of the Binance community source (which is user generated content as already stated by Charles-Tim) and its copies in other "media", often in articles which are very likely AI generated. I translated the genuine Chinese articles in this list with Gemini, but they are either reports on previous bans like the mining ban in 2021 or articles only marginally related (e.g. an article about a Vance speech where they mention China's mining ban).

Perhaps somebody who knows Chinese can confirm that?

If there really was a ban, then I would expect chinese government media talking about that. Otherwise how should the ban be communicated to the people?

I feel somebody is exploiting the fact that only few people in countries outside Asia speak Chinese, and that the Chinese web is segregated from the rest of the world's web via the "Great Firewall", to disseminate FUD. Someone shorting Bitcoin, perhaps ...

PS: The difference highlighted by the AI generated articles is that (according to these "sources") now private ownership was banned. Mining and Chinese CEXes were already banned in 2021.

Fake news strikes again. Don't believe everything you read on the internet.

No, China Did Not Just Ban Bitcoin Again | Forbes

The current bitcoin selling pressure probably caused by customers getting paid back from FTX, Blockfi, Celsius, Mt. Gox, etc.
It has nothing to do with China. Many getting the repayments see $100K+ as a good exit price.

When all this clears up the price can rise again. This looks like a good buy the dip opportunity.

The news had already slides without much impacts and many people are not even aware of the news. If it was in the early days of bitcoin, everyone would have been shivering as if Bitcoin will end the next day. This is a sign that bitcoin has won. Bitcoiners are no longer under fear, if China bans bitcoin today, before year ends, 5 other countries will adopt it.

The reason China is doing this is because US is for bitcoin. Anyday US makes a U-turn against bitcoin, you'll be amazed how China will begin to support bitcoin.

Truly it is not a first time they did it, and even you seemed to know it well, I'd like to share some interesting information about fud from China in Bitcoin history.

China's long history of Bitcoin fud timeline.
https://cryptopotato.com/chinas-long-history-of-bitcoin-fud-timeline/#&gid=1&pid=1

A post above provided information to debunk this news as fud, and there is no actual ban from China this time. However even if their government have actually wanted to make such bans, Bitcoin and cryptocurrency market would have been continuing well.

Yes, that is not a big deal because Bitcoin will still running with or without China. So even if that news is real, that will not affect too much for Bitcoin but well, yeah that may give the effect but Bitcoin will be back to normal.

Let China ban Bitcoin (again) but I am not sure if their government will stop accumulating Bitcoin. If they ban Bitcoin, perhaps they want to hide their accumulating process to buy Bitcoin so public will not know.

If they really ban Bitcoin and not buying Bitcoin anymore, that will be their disadvantage. They will not make more profit and only rely on Bitcoin they have. So we will see if that is a new or real fake.

It's FUD

I won't be worried about ban on Bitcoin right now, look what's happening between Elon Musk and Trump, dollar is in trouble, and those who are in the United States planning to retire some day with the dollar will be affected.

It could probably helps Bitcoin in the future but since a day now Bitcoin has been dumping, it's not looking good for the whole market as we speak.

Bans on Bitcoin have no effects anymore, no matter which country introduced the ban it's no more effective so don't worry yourself about China ban, it's been ongoing for years already like an unlimited rotation.