🇨🇳
Local MarketCNYBanned
China: The Crypto Giant in the Shadows
Despite bans, China remains one of the most influential crypto markets in the world.
300K+Users
0.02%Adoption
$50M+P2P Vol.
125Rank
$ Converter
BTC =
🇨🇳Banned
China
Asia · CNY
BannedLegal Status
300K+Users
0.02%Adoption
OKXTop Exchange
0%Max Tax
0Crypto Spots
Highlight
China dominated Bitcoin mining with over 65% of global hashrate before the 2021 ban.
Regulation Timeline
2013
First warnings against Bitcoin.
2017
ICO and exchange ban.
2021
Total ban on mining and trading.
Regulatory Framework
Cryptocurrencies are banned for trading and mining since 2021. Digital yuan (e-CNY) is the official CBDC.
Available Exchanges
O
OKXGlobal exchange with Chinese roots.
B
BinanceFounded in China, now global.
How to Buy Crypto
1
Use VPN to access global exchanges.
2
Informal OTC trading.
3
P2P via messengers like WeChat.
Crypto Taxes
N/A (banned)
Flat rate0%
Deductible
N/A.
Deadline
N/A
Cryptocurrencies banned. No tax framework.
Tax Estimator
$
Enter your gain
Type
N/A (banned)
Deadline
N/A
Crypto Communities
China Crypto (underground)
TelegramInformal community.
Comparison: Asia
| Country | Users | Adoption | P2P Vol. | Status | Exchange |
|---|---|---|---|---|---|
| 🇨🇳 ChinaYou | 300K+ | 0.02% | $50M+ | Banned | OKX |
| 🇯🇵 Japan | 8M+ | ~7% | $8B+ anual | Regulated | bitFlyer |
| 🇰🇷 South Korea | 15M+ | ~30% | $15B+ anual | Regulated | Upbit |
| 🇸🇬 Singapore | 2M+ | ~35% | $3B+ anual | Regulated | Independent Reserve |
| 🇮🇳 India | 115M+ | ~8% | $5B+ anual | Restricted | Binance |
| 🇻🇳 Vietnam | 16M+ | ~16% | $2B+ anual | Regulated | Binance |
| 🇮🇩 Indonesia | 18M+ | ~6.5% | $3B+ anual | Regulated | Binance |
| 🇹🇭 Thailand | 12M+ | ~17% | $1.5B+ anual | Regulated | Binance |
| 🇵🇭 Philippines | 12M+ | ~10% | $2B+ anual | Regulated | Binance |
Crypto Curiosities
✨Fact #1
China was responsible for over 65% of Bitcoin mining before the 2021 ban.
✨Fact #2
The digital yuan e-CNY is the world's most advanced CBDC.
Related Crypto News
Frequently Asked Questions
Is crypto banned in China?
Yes, trading and mining have been banned since 2021.
What is e-CNY?
The digital yuan, a CBDC issued by China's central bank.
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