Here Are the Top 5 Coins to Watch as China Considers Lifting Bitcoin Ban
- The People’s Bank of China’s latest report hints at lifting the Bitcoin ban by late 2025.
- Hong Kong, Shanghai, and Chinese exchanges show signs of easing crypto restrictions.
- China-backed crypto projects could see significant growth if regulatory changes occur.
China is reportedly reconsidering its ban on Bitcoin, with potential legalization by the end of 2025, according to the latest Financial Stability Report from the People’s Bank of China (PBOC). The report suggests that the government is actively reviewing its 2021 crypto restrictions, fueling speculation about a major policy shift.
Signs Point to China Softening on Crypto
While China has not made an official decision, several recent developments suggest a softening stance toward cryptocurrency. In 2023, Hong Kong legalized crypto trading, allowing retail investors to access digital assets.
Shanghai later recognized Bitcoin, and some centralized exchanges (CEXs) now permit Chinese users to complete Know Your Customer (KYC) verification.
On top of that, the government continues to lower interest rates, showing a broader financial strategy that may include digital assets.
Related: Arthu…
The post Here Are the Top 5 Coins to Watch as China Considers Lifting Bitcoin Ban appeared first on Coin Edition.
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Here Are the Top 5 Coins to Watch as China Considers Lifting Bitcoin Ban
- The People’s Bank of China’s latest report hints at lifting the Bitcoin ban by late 2025.
- Hong Kong, Shanghai, and Chinese exchanges show signs of easing crypto restrictions.
- China-backed crypto projects could see significant growth if regulatory changes occur.
China is reportedly reconsidering its ban on Bitcoin, with potential legalization by the end of 2025, according to the latest Financial Stability Report from the People’s Bank of China (PBOC). The report suggests that the government is actively reviewing its 2021 crypto restrictions, fueling speculation about a major policy shift.
Signs Point to China Softening on Crypto
While China has not made an official decision, several recent developments suggest a softening stance toward cryptocurrency. In 2023, Hong Kong legalized crypto trading, allowing retail investors to access digital assets.
Shanghai later recognized Bitcoin, and some centralized exchanges (CEXs) now permit Chinese users to complete Know Your Customer (KYC) verification.
On top of that, the government continues to lower interest rates, showing a broader financial strategy that may include digital assets.
Related: Arthu…
The post Here Are the Top 5 Coins to Watch as China Considers Lifting Bitcoin Ban appeared first on Coin Edition.
Read More