Crypto has been banned in China for several years and until now it has not been lifted and it seems that China has become even stricter about this matter, in fact, they even issued regulator notice no. 42 where they further strengthen the ban on it.
Even crypto trading is strictly prohibited here, and even Rwa assets.
Why does China ban it when in reality it can really help their economy and even other communities under their jurisdiction?
Then why Hong Kong, which is still under China but crypto trading and crypto services are legal here?
Source: https://erickimphotography.com/china-vs-bitcoin-the-2026-war-for-the-soul-of-money