China imposes fresh ban on holding crypto, including Bitcoin: Report

The Chinese government has announced a sweeping new ban that prohibits not just trading or mining of cryptocurrencies, but now extends to individual ownership of digital assets like Bitcoin, according to a report by Binance, a cryptocurrency exchange.

This latest action marks a significant escalation in China’s historically hardline approach to crypto, reaffirming its commitment to centralising financial control and promoting the use of its state-backed digital yuan.