Overview

• Viral social media claims on August 3–4 falsely alleged a new ban on crypto trading and mining in mainland China.
• Officials and market analysts have confirmed that no fresh policy changes have been announced.
• China’s 2021 prohibition remains focused on institutional crypto services, with personal ownership and peer-to-peer transactions still permitted.
• Bitcoin briefly dipped below $113,000 in reaction to the rumors before recovering above $114,000.
• The recurring “China bans crypto” narrative often reemerges alongside digital yuan speculation, highlighting investor sensitivity to unverified reports.