Rampant China Bitcoin ban rumors
The crypto industry has never been short on rumors suggesting that China is preparing to unban Bitcoin since the nation’s 2021 crackdown on crypto trading and mining.
But this past week, the narrative flipped, with some media outlets claiming that China is now banning Bitcoin ownership outright. One of the most widely circulated stories came from India-based Financial Express, which cited a supposed “Binance” report.
Magazine found no such report authored by Binance, and the exchange did not respond to a request for comment. Magazine also found no supporting reports from Chinese state media or official government sources.
However, a May 30 post on Binance Square…
Jun 07 2025
