As of 2025, mainland China's laws continue to comprehensively prohibit cryptocurrency trading and mining. However, Hong Kong, as a Special Administrative Region, has established a regulated digital asset framework, which may signal a subtle softening of the central government's stance. China was once a global leader in Bitcoin mining and hosted major exchanges, but the stringent 2021 ban caused a significant exodus of mining operations and exchanges (like Huobi, OKX, Binance) overseas, many o...

As of 2025, mainland China's laws continue to comprehensively prohibit cryptocurrency trading and mining. However, Hong Kong, as a Special Administrative Region, has established a regulated digital asset framework, which may signal a subtle softening of the central government's stance. China was once a global leader in Bitcoin mining and hosted major exchanges, but the stringent 2021 ban caused a significant exodus of mining operations and exchanges (like Huobi, OKX, Binance) overseas, many o...