🇨🇳
Local MarketCNYBanned
Crypto in China
Reference guide with links to local authorities. Specific tax and regulatory claims are published only after the applicable primary guidance has been reviewed.
Explore 20 mapped organizationsOfficial source for regulatory status: PBOC and nine authorities: 2021 virtual-currency trading notice (supports: regulatory status, regulatory framework, regulatory timeline) · People's Bank of China: 2025 joint meeting on virtual-currency speculation (supports: regulatory status, regulatory framework, regulatory timeline)
Local review · 2026-08-13
Next review: 2026-11-13
International virtual-asset standards, crypto tax reporting framework, and adoption methodology. Local rules can change; verify with the relevant authority before acting.
Tax
- State Taxation Administration (verify)
Regulation
- PBOC and nine authorities: 2021 virtual-currency trading notice (supports: regulatory status, regulatory framework, regulatory timeline)
- People's Bank of China: 2025 joint meeting on virtual-currency speculation (supports: regulatory status, regulatory framework, regulatory timeline)
No current official national adoption figure is available to show.
59-78MUsers / investorsEstimate
~4.2-5.5%AdoptionEstimate
$50M+P2P Vol.Estimate
125RankEstimate
No official figures are linked for this country.
Blue figures are older estimates without a verifiable official source: they are shown as context, not official data, and are not used to rank or score countries.
Estimate reference: Triple-A 2023 ownership estimate (reported by ICMA) · CKGSB analysis citing Triple-A's May 2023 estimate
$ Converter
BTC =
🇨🇳Banned
China
Asia · CNY
BannedRegulatory status
59-78M (est.)Users / investors
~4.2-5.5% (est.)Adoption
VerifyTop Exchange
VerifyMax Tax
VerifyCrypto Spots
Regulation Timeline
2013
First warnings against Bitcoin.
2017
ICO and exchange ban.
2021
Total ban on mining and trading.
Official source for these events: PBOC and nine authorities: 2021 virtual-currency trading notice (supports: regulatory status, regulatory framework, regulatory timeline) · People's Bank of China: 2025 joint meeting on virtual-currency speculation (supports: regulatory status, regulatory framework, regulatory timeline)
Regulatory Framework
The joint PBOC and nine-authority notice says Bitcoin, Ether, Tether, and other virtual currencies do not have the legal status of fiat currency and cannot circulate as currency. Fiat-to-virtual exchange, virtual-to-virtual exchange, intermediation, pricing, token issuance, and derivatives are classified as illegal financial activities and prohibited. Offshore exchanges providing services over the internet to China residents are also deemed illegal financial activity.
Official source for this framework: PBOC and nine authorities: 2021 virtual-currency trading notice (supports: regulatory status, regulatory framework, regulatory timeline) · People's Bank of China: 2025 joint meeting on virtual-currency speculation (supports: regulatory status, regulatory framework, regulatory timeline)
How to Buy Crypto
1
Check the linked official regulatory register or portal before choosing a provider.
2
Confirm tax treatment with the linked official guidance and a local professional where appropriate.
Crypto Taxes
Treatment to verify
We are verifying local tax treatment against primary guidance. Rates, deductions, and deadlines stay hidden until the applicable rule is confirmed.
Official tax portal for verification: State Taxation Administration
Comparison: Asia
| Country | Users / investors | Adoption | P2P Vol. | Status | Exchange |
|---|---|---|---|---|---|
| 🇨🇳 ChinaYou | No official figure | No official figure | No official figure | Banned | Verify |
| 🇯🇵 Japan | No official figure | 7.3% of investors (FSA, 2025) | No official figure | Regulated | bitFlyer, Inc. |
| 🇰🇷 South Korea | 11.13M eligible-trading accounts (end-2025, KoFIU) | No official figure | No official figure | Regulated | — |
| 🇸🇬 Singapore | No official figure | No official figure | No official figure | Regulated | — |
| 🇮🇳 India | No official figure | No official figure | No official figure | Unregulated | — |
| 🇻🇳 Vietnam | No official figure | No official figure | No official figure | Regulated | — |
| 🇮🇩 Indonesia | 21.37M cuentas de consumidores de activos financieros digitales, incluidos crypto (OJK, mar. 2026) | No official figure | No official figure | Regulated | — |
| 🇹🇠Thailand | No official figure | No official figure | No official figure | Regulated | — |
| 🇵🇠Philippines | No official figure | No official figure | No official figure | Regulated | — |
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