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Amid the crackdown, China has cited environmental concerns related to range of activities such as buying and selling cryptocurrencies and in financial crimes and sparking criminal investigation.
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| China lifts crypto ban | Crypto exchanges were banished from China in My Watchlist. Disclosure Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. Learn more about Consensus , CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Some miners have stealthily plugged back in after an initial shutdown. It indicates a way to close an interaction, or dismiss a notification. |
| China lifts crypto ban | The NDRC has set out plans to ban crypto mining by severing investment in the sector, increasing electricity costs and blocking new companies from entering the industry. Chinese nationals who work in marketing or tech support roles for foreign exchanges will now be subject to legal prosecution. Redeem now. Hong Kong on Thursday reinstated retail crypto trading at select exchanges in what could serve as a test case for China reversing its ban on cryptocurrencies. Some market observers see nothing new in this most recent crypto ban. The notice banned banks and other financial institutions from offering services related to crypto. Staff for overseas-based exchanges, even those working in tech support, will be investigated for knowingly participating in the crypto industry. |
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CHINA IS CRASHING! MONEY FLOWING INTO BITCOIN!The recognition of Bitcoin by some Chinese Courts as a unique digital currency gives hope that China could lift the ban on crypto in the future. The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review. Crypto will remain banned in mainland China, however, Hong Kong retains a separate legal system, despite recent developments that have seen.
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