Cryptocurrency activities, including trading and mining, are banned in Shanghai, China. The People's Bank of China maintains strict prohibitions on crypto operations with no specific regulatory framework for crypto assets.
| Status | Banned |
| Risk Score | 90/100 (Very High Risk) |
| Region | asia pacific |
| Currency | CNY |
| Capital Gains (Personal) | N/A (crypto banned) |
| Capital Gains (Corporate) | N/A (crypto banned) |
| VAT on Crypto | No |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |
No crypto-specific tax guidance available.
| Required | No |
| Regulator | PBOC / CSRC / CBIRC |
| Framework | No crypto framework |
Crypto trading and mining banned nationally. Blockchain tech development permitted. Banned at city level — see parent CN.
Crypto activities are banned; enforcement actions target crypto businesses and users
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: Banned
DeFi platforms are effectively banned under the broad crypto prohibitions enforced by Chinese regulators.
Status: Banned
Stablecoins are banned in China, with no legal framework permitting their issuance or use.
Status: Banned
NFT activities prohibited under crypto ban
| Legal | No |
| Electricity Cost | $0.12/kWh |
| Renewable Energy | 15% |
| Infrastructure | excellent |
Crypto mining is banned nationwide including Shanghai. Electricity costs are relatively high compared to global averages. Infrastructure for data centers and internet connectivity is excellent.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 45/100 |
| Banking Access | very_restricted |
Risk Factors
China maintains strict capital controls and internet censorship. Crypto businesses face severe restrictions and banking access is very limited. Political environment is stable but tightly controlled.
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Explore IT Services →Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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