China Bans Holding of Bitcoin and All Cryptocurrencies, Report Says
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- China reportedly banned individual crypto holdings, intensifying its crackdown and boosting the digital yuan agenda.
- Bitcoin fell below key support at $107K, with RSI nearing oversold territory and volume showing limited recovery.
- Altcoins like XRP, Solana, and Cardano posted deeper losses, while stablecoins held steady amid growing regulatory uncertainty.
On May 30, 2025, China introduced a new nationwide ban prohibiting the personal ownership of cryptocurrencies, including Bitcoin, according to a report by Binance. The updated policy expands earlier restrictions on crypto trading and mining, now outlawing even individual holdings of digital assets.
The move signals a deeper commitment by Chinese authorities to centralize financial control and promote the adoption of the digital yuan, the country’s state-backed central bank digital currency (CBDC).
Bitcoin Dips Below Key Support After China Crypto Ban Report
Following the unverified report about China banning personal crypto holdings, Bitcoin’s price dropped sharply, confirming immediate market reaction. As shown on the 4-hour BTC/USD chart from May 30, 2025, Bitcoin declined to $105,488, falling …
The post China Bans Holding of Bitcoin and All Cryptocurrencies, Report Says appeared first on Coin Edition.
In This News
Coins
$ 92.59K
+2.74%
$ 2.14
+0.39%
$ 0.467
+2.73%
$ 0.0161
+1.75%
$ 0.732
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In This News
Coins
$ 92.59K
+2.74%$ 2.14
+0.39%$ 0.467
+2.73%$ 0.0161
+1.75%$ 0.732
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Traders put 50/50 odds on Bitcoin ending 2025 below $90k amid $3B ETF outflows
XRP Flashes 3-Day Bullish Divergence as Ultimate Oscillator Hits Oversold
China Bans Holding of Bitcoin and All Cryptocurrencies, Report Says
Share:
- China reportedly banned individual crypto holdings, intensifying its crackdown and boosting the digital yuan agenda.
- Bitcoin fell below key support at $107K, with RSI nearing oversold territory and volume showing limited recovery.
- Altcoins like XRP, Solana, and Cardano posted deeper losses, while stablecoins held steady amid growing regulatory uncertainty.
On May 30, 2025, China introduced a new nationwide ban prohibiting the personal ownership of cryptocurrencies, including Bitcoin, according to a report by Binance. The updated policy expands earlier restrictions on crypto trading and mining, now outlawing even individual holdings of digital assets.
The move signals a deeper commitment by Chinese authorities to centralize financial control and promote the adoption of the digital yuan, the country’s state-backed central bank digital currency (CBDC).
Bitcoin Dips Below Key Support After China Crypto Ban Report
Following the unverified report about China banning personal crypto holdings, Bitcoin’s price dropped sharply, confirming immediate market reaction. As shown on the 4-hour BTC/USD chart from May 30, 2025, Bitcoin declined to $105,488, falling …
The post China Bans Holding of Bitcoin and All Cryptocurrencies, Report Says appeared first on Coin Edition.
In This News
Coins
$ 92.59K
+2.74%$ 2.14
+0.39%$ 0.467
+2.73%$ 0.0161
+1.75%$ 0.732
Share:
In This News
Coins
$ 92.59K
+2.74%$ 2.14
+0.39%$ 0.467
+2.73%$ 0.0161
+1.75%$ 0.732
Share:
Read More
Traders put 50/50 odds on Bitcoin ending 2025 below $90k amid $3B ETF outflows