Updated June 6, 2025 • 1-min read
Posted by Anonymous
Jun 5, 2025
1 answer
Posted by Anonymous - Jun 5, 2025
It's kinda wild, but even with all the China cryptocurrency ban stuff, people still find ways to own or hold Bitcoin there. Even my cousin told me about folks who have their crypto but just can't buy stuff with it openly, or trade using normal Chinese exchanges. The bans are way more about stopping people from using Bitcoin as money or sneaking cash out of China than stopping people from holding onto crypto.
The government has always been strict about controlling money and preventing capital leaving the country, so that's why every now and then you see a new "crackdown" headline. But honestly, Chinese courts have even said that owning Bitcoin counts as owning property, so it's kinda protected. It’s just illegal to run exchanges and do big mining operations. Regular people sometimes just use VPNs or other workarounds to keep their coins lying low.
From what I’ve seen online, a real, total ban would be impossible to pull off. Crypto isn’t easy to kill—people always invent new ways to sneak around rules, especially in business. Just goes to show, if you want crypto bad enough, you’ll find a way!
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