China has banned cryptocurrency trading, mining, and speculation activities as per the Joint Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading and Speculation (September 2021). The People's Bank of China enforces strict prohibitions on crypto activities.
| Status | Banned |
| Risk Score | 85/100 (Very High Risk) |
| Region | asia pacific |
| Currency | CNY |
| Capital Gains (Personal) | N/A - crypto trading banned since September 2021 |
| Capital Gains (Corporate) | N/A - all crypto business activities prohibited |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
No crypto-specific tax guidance available.
| Required | No |
| Regulator | PBOC / CSRC / CBIRC |
| Framework | Joint Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading and Speculation (September 2021) |
| Ease | very_complex |
| Cost | N/A - all crypto activity banned |
Status: Banned
DeFi activities are effectively banned in China as part of the broader prohibition on cryptocurrency trading and related activities.
Status: Banned
Stablecoins are banned under the same regulatory framework that prohibits other virtual currency activities.
Status: Restricted
| Legal | No |
| Electricity | $0.076/kWh |
| Renewable | 32% |
| Infrastructure | excellent |
Crypto mining is banned nationwide following regulatory crackdowns since 2021. Electricity cost and renewable energy data reflect national averages prior to mining ban.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 45/100 |
| Banking Access | very_restricted |
Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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