- No new Chinese crypto ban despite media speculation.
- China’s last crypto regulations were in 2021.
- Market showed brief volatility then stabilized.
Reports claim China has reintroduced a cryptocurrency ban on August 3, 2025, but no new official announcements confirm this, maintaining the 2021 restrictions as the latest update.
Despite media speculation, crypto markets stabilized after initial volatility, as primary sources confirmed China hasn’t issued new restrictions, maintaining regulatory status quo from 2021.
Chinese Authorities Deny New Cryptocurrency Restrictions
Recent rumors about a new ban on cryptocurrency trading and mining in China have emerged. Reports from multiple media outlets suggested an official announcement; however, sources close to the Chinese authorities confirmed that there is no such ban. Cryptocurrency ownership remains legal, emphasizing the divergence between ownership and trading restrictions.
The persistent rumors caused initial market volatility, impacting cryptocurrencies like Bitcoin and Ethereum. The market stabilized shortly after, as confirmation emerged that there were no new regulatory changes. China’s approach to cryptocurrency remains tense with strict controls implemented back in 2021.
Market reactions to the rumors varied. Bitcoin experienced a temporary dip before recovering. Authorities, including the People’s Bank of China, maintained silence, reinforcing the skepticism of the new ban. “No new official statements or bans have been announced by Chinese regulators as of today,” stated by an unnamed regulatory source.
Bitcoin Holds Firm Despite Regulatory Speculation
Did you know? China’s initial ban on crypto mining and trading in 2021 led to a 20% drop in Bitcoin’s price within days, yet it rebounded afterward.
Bitcoin currently trades at $114,472.47 with a market cap of $2.28 trillion. Bitcoin’s trading volume declined by 16.01% in the last 24 hours, with the price increasing by 1.30% over the same period. These data are sourced from CoinMarketCap reflecting continued robust activity.
Coincu analysts indicate that no new regulatory measures signal opportunities for market stability and growth. Historical trends show that rumor-driven volatility is typical but not definitive of long-term market performance. Bitcoin’s recovery after past Chinese regulatory adjustments underscores market resilience evident even under perceived risk, maintaining a balance between regulation and innovation within the crypto ecosystem.
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Source: https://coincu.com/news/china-confirms-no-new-crypto-ban/