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 (USD) | N/A - all crypto activity banned |
No detailed enforcement information available
| Status | Pilot |
| Name | e-CNY |
| Issuing Authority | People's Bank of China |
| Model | wholesale |
| Technology | Feitian Technologies (Non-DLT) |
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
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 Cost | $0.076/kWh |
| Renewable Energy | 32% |
| Infrastructure | excellent |
Crypto mining is banned in China since 2021 following government crackdowns. Electricity cost and renewable energy data are based on latest available statistics.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 45/100 |
| Banking Access | very_restricted |
| Sanctions Program Active | Yes |
Recent Political Events
Last reviewed: 2026-05-06 · Data source: Soken Crypto Legal Map
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