As of 2025, accepting crypto is a criminal offense in mainland China. Learn about the strict ban, the rise of the Digital Yuan, and how Hong Kong offers a legal alternative for businesses.
Tag: digital yuan
Explore the clash between e-CNY and Bitcoin. Learn how China is using its state-controlled digital yuan to replace crypto and reshape global finance.
As of June 2025, Chinese citizens face a total ban on cryptocurrency ownership, trading, and mining. The PBOC enforces strict digital surveillance, bank freezes, and police crackdowns to eliminate all private crypto use in favor of the state-backed digital yuan.