---
type: country
domain: web3-compliance
status: compiled
tags: [Legal, Restricted, Banned, Crypto Tax, Crypto Regulation, Country]
aliases: [China]
created: 2026-05-06
compile_into: ""
source_url: "https://soken.io/crypto-map/countries/china.html"
title: "China (CN)  Crypto Regulation | Soken"
description: 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 enforc
scraped_at: "2026-05-06T09:10:02.309621+00:00"
slug: crypto-map-countries-china.html
---


# China (CN)  Crypto Regulation | Soken

---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "asia_pacific", "fatf", "banned"]
aliases: ["CN", "CHN", "中国"]
created: 2026-05-06
updated: 2026-04-02
compile_into: ["[china](https://soken.io/crypto-map/countries/china.html)"]
sources:
  - name: "https://www.pbc.gov.cn"
    url: "https://www.pbc.gov.cn"
    type: "official"
  - name: "https://www.csrc.gov.cn"
    url: "https://www.csrc.gov.cn"
    type: "official"
---

#  China (CN) — Crypto Regulation

> 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.

## Overview

| Field | Value |
|-------|-------|
| Status | Banned |
| Risk Score | 85/100 (Very High Risk) |
| Enforcement Level | High |
| Region | [domain--asia-pacific|asia pacific](https://soken.io/kb/crypto-map-countries/domain--asia-pacific|asia pacific.md) |
| Currency | [entity--cny|CNY](https://soken.io/kb/crypto-map-countries/entity--cny|CNY.md) |

## Tax

| Type | Rate |
|------|------|
| 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 |
| Mining Tax | No specific guidance |
| Staking Tax | N/A |
| Airdrop Tax | N/A |

No crypto-specific tax guidance available.

## Licensing

| Field | Value |
|-------|-------|
| Required | No |
| Regulator | [entity--pboc|PBOC](https://soken.io/kb/crypto-map-countries/entity--pboc|PBOC.md) / 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 |
| Timeline | N/A months |

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [concept--fatf|FATF](https://soken.io/kb/crypto-map-countries/concept--fatf|FATF.md) Member | Yes |
| FATF Status | compliant |

## DeFi

**Status:** Banned

DeFi activities are effectively banned in China as part of the broader prohibition on cryptocurrency trading and related activities.

## Stablecoins

**Status:** Banned

Stablecoins are banned under the same regulatory framework that prohibits other virtual currency activities.

## NFTs

**Status:** Restricted

## Mining

| Field | Value |
|-------|-------|
| Legal | No |
| Electricity Cost | $0.076/kWh |
| Renewable Energy | 32% |
| Climate | temperate |
| 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.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 45/100 |
| Ease of Business | moderate |
| Internet Freedom | not_free |
| Banking Access | very_restricted |
| Sanctions Programs Active | Yes |

### Recent Political Events

- 2023-10-01: China tightened regulations on crypto exchanges and reinforced mining bans — Further restricted crypto activities and reinforced ban on mining operations

## Enforcement

No detailed enforcement information available

## CBDC

| Field | Value |
|-------|-------|
| Status | pilot |
| Name | e-CNY |
| Authority | People's Bank of China |
| Type | wholesale |

---

*Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/). Last reviewed: 2026-05-06.*

**Sources:**
- [https://www.pbc.gov.cn](https://www.pbc.gov.cn)
- [https://www.csrc.gov.cn](https://www.csrc.gov.cn)


<!-- soken-kb-wikilinks -->
[china](https://soken.io/crypto-map/countries/china.html) [index](https://soken.io/) [crypto-map](https://soken.io/crypto-map/)


<!-- soken-kb-augmented v1 -->
[crypto-map](https://soken.io/crypto-map/)

---

## Translations