On August 3 2025, several social media posts claimed that China had placed a new ban on crypto trading and mining once again. The rumor quickly spread online, reaching hundreds of thousands of people. However, experts and trusted sources have come forward to confirm that these claims are false. They state that there is no evidence of any new action by the Chinese government. Social Media Sparks Confusion, Crypto Experts Push Back The rumor started when Kalshi, a well-known prediction market platform, posted on its official X account suggesting China had banned crypto again. The post said the alleged ban happened because of worries about money leaving the country. It also mentioned concerns about the environmental damage caused by crypto mining. These posts triggered widespread confusion and speculation online, with many fearing a repeat of past restrictions from the Chinese government. Su Zhu, the co-founder of the now-defunct hedge fund Three Arrows Capital responded quickly. He said that there is zero evidence to support the claim. He stated that his sources in China had not heard of any new ban on crypto activity. Colin Wu, a trusted Chinese cryptocurrency journalist, also said there is no proof of a new policy. He explained that although China has introduced restrictions in the past, there is nothing new at this time. Wu emphasized that no official documents or statements have been released to confirm the recent rumors. China’s Long History With Crypto Regulation The idea of China banning Bitcoin (BTC) mining is not new. China started putting rules on digital currencies more than ten years ago. In 2013, the People’s Bank of China (PBoC) told banks and payment companies to stop handling Bitcoin transactions. In 2017, the Chinese government banned Initial Coin Offerings (ICOs) and closed down local crypto exchanges. Many of these exchanges had to move their business to other countries. Then in 2021, China took stronger action by launching a country-wide crackdown on crypto mining . This led to a big drop in mining activities, as many miners either shut down or moved to places with less strict rules. Even with all these restrictions, crypto activity has not completely stopped in China. Colin Wu pointed out that individual crypto transactions have never been made illegal. In addition, Bitcoin mining still takes place in certain parts of the country, especially in areas with access to cheap electricity. In fact, China still makes up about 21% of the total global Bitcoin mining hashrate. China’s Growing Interest in Stablecoins and RWAs Interestingly, Chinese government officials are now paying more attention to stablecoins and real-world assets (RWAs). Some government officials have started to explore how these tools can be used to support financial innovation, improve payment systems, and promote the digital economy. This suggests that while China remains cautious about cryptocurrencies, the country is not completely closing the door on blockchain and digital assets. The post Experts Dismisses Fresh China Crypto Ban Talks appeared first on TheCoinrise.com .