The China crypto ban 2025 has officially entered a new, more extreme phase. On May 30, 2025, Chinese authorities issued a nationwide ban on personal ownership of cryptocurrencies, including Bitcoin and Ethereum, according to Binance sources.
Until now, China had already prohibited trading and mining of digital assets. But this sweeping new rule outlaws even private holding of crypto for individual use, marking the strictest move yet in Beijing’s anti-crypto campaign.
China’s Hardline Move Aims to Boost Digital Yuan
Analysts suggest the China crypto ban 2025 is meant to tighten control over the country’s financial system and fast-track the rollout of the digital yuan — China’s central bank digital currency (CBDC).
By eliminating competition from decentralized currencies, Beijing hopes to promote adoption of its state-issued alternative.
“This isn’t just about regulation — it’s a political and monetary reset,” noted a crypto policy analyst.
At the same time, the policy could drive crypto developers and investors out of China, accelerating regional trends toward decentralization and cross-border operations.
Bitcoin Price Reacts to the Ban
In response to the news, the crypto market saw a noticeable dip. Bitcoin dropped more than 1.5% in 24 hours, and is now down 4.4% over the past week, trading at around $103,570.
The Bitcoin RSI (Relative Strength Index) has fallen to 38.36, below the neutral level of 50, indicating weakening bullish sentiment and approaching oversold territory, which starts at around 30.
If downward momentum continues, analysts warn BTC could see further price pressure.
Ethereum and Altcoins Also Fall
The bearish sentiment extended to altcoins. Ethereum dropped 2.87% to $2,520 over the same 24-hour period. Other digital assets across the board are seeing declines as traders adjust to China’s aggressive stance.
While China has cracked down on crypto before, this is the first time personal ownership has been explicitly banned, raising concerns about global enforcement trends and individual financial freedoms.
