---
type: country
domain: web3-compliance
status: compiled
tags: [Legal, Banned, Crypto Tax, Crypto Regulation, Country]
aliases: [Shanghai]
created: 2026-04-23
compile_into: ""
slug: city--shanghai
sources: "[./crypto-map/data.json#/CN-SH, \"https://soken.io/crypto-map/countries/shanghai.html\"]"
source_url: "https://soken.io/crypto-map/countries/shanghai.html"
title: "Shanghai — Crypto Regulation 2026 | Soken"
description: Cryptocurrency activities, including trading and mining, are banned in Shanghai, China. The People's Bank of China maintains strict prohibitions on crypto…
scraped_at: "2026-04-23T20:08:42.328543+00:00"
entry_type_raw: city
parent_country: CN
region: asia_pacific
---

# Shanghai — Crypto Regulation 2026 | Soken

# 🇨🇳 Shanghai

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.

## Overview

|     |     |
| --- | --- |
| Status | **Banned** |
| Risk Score | 90/100 (Very High Risk) |
| Region | asia pacific |
| Currency | CNY |

## Tax

|     |     |
| --- | --- |
| 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.

## Licensing

|     |     |
| --- | --- |
| Required | No |
| Framework | No crypto framework |
| Ease | N/A |
| Cost | N/A |

Crypto trading and mining banned nationally. Blockchain tech development permitted.

## DeFi

**Status:** Banned

DeFi platforms are effectively banned under the broad crypto prohibitions enforced by Chinese regulators.

## Stablecoins

**Status:** Banned

Stablecoins are banned in China, with no legal framework permitting their issuance or use.

## NFTs

**Status:** Banned

NFT activities prohibited under crypto ban

## Mining

|     |     |
| --- | --- |
| Legal | No |
| Electricity | $0.12/kWh |
| Renewable | 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.

## Geopolitics

|     |     |
| --- | --- |
| Stability | stable |
| Sanctions | No |
| Corruption Index | 45/100 |
| Banking Access | very\_restricted |

Last reviewed: 2026-04-13 ·
Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/)

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