China Crypto Ban 2025: What’s True and What’s Not

1. Breaking: “China Bans Crypto” Skyrockets on Google Trends

In late July and early August 2025, the search term “China bans crypto” surged over 1,600% on Google Trends. Related queries such as “Did China ban crypto?”, “China banning crypto”, and “Has China banned crypto?” also climbed rapidly, raising global fears that China has once again launched a new crypto crackdown.

Trending Keywords: Google Trends

The wave of concern started from a Binance Square post published on May 30, 2025. The post quickly went viral, being picked up by media outlets like IDN Financials, Financial Express, and various social media accounts across Europe and Asia.

Article Published on Binance Square: Binance Square

2. Has China Really Issued a New Crypto Ban in 2025?

No. As of August 2025, there is no official document or government decree confirming any new nationwide crypto ban.

What’s the reality? China already banned crypto trading and mining in 2021, through a multi-agency directive (Document: 银发〔2021〕237号 issued by the People's Bank of China).There have been no new announcements from central government bodies such as the PBOC (People’s Bank of China), State Council, or National Development and Reform Commission in 2025.The recent stories are mostly user-generated opinions or blog posts without citations of legal documents or government statements.

According to Forbes and Reuters, the rumor of a "China crypto ban in 2025" is false, originating from an unverified user post.

Article by Forbes Media LLC : Forbes

3. Why Did the Rumor Go Viral?

A Binance Square user claimed that China had “completely banned crypto ownership” as of May 31, 2025.Sites like IDN Financials reposted the content without verification.Crypto communities feared that China’s tightening stance on stablecoins and capital outflows might signal broader crackdowns.

This resulted in a spike in Google search volume.A brief drop in Bitcoin’s price by over 7% within 24 hours of the rumor spreading.

Article published on IDN Financials

4. What Is China Actually Doing With Crypto Right Now?

No new ban has been issued.However, China has published multiple provincial-level warnings about crypto scams disguised as stablecoin projects.Provinces like Zhejiang, Suzhou, Beijing released alerts in July 2025 urging citizens not to fall for “get-rich-quick” schemes using terms like “Web3”, “DeFi”, or “digital asset”.Meanwhile, Hong Kong is moving forward with its stablecoin licensing framework, expected to roll out in early 2026.

China Issues Warning on Stablecoin Scams

5. Final Verdict: No “New Crypto Ban” in China as of 2025

If you come across news saying “China bans crypto” on social media, don’t believe it right away. China did impose a ban back in 2021, but no new ban has been issued in 2025. There is no official document, and no announcement from the central government. Most of these rumors come from personal blog posts or social media content. Always verify before you believe or share.

6. What Should Crypto Investors Do?

 - Don’t panic-sell based on unverified news.

 - Avoid trusting viral rumors without official confirmation.

Monitor reliable sources such as:  PBOC (www.pbc.gov.cn)