{"content":"China Bans All Crypto: What Happens Now? By Attexul Date: 3 June 2025 Yes, it’s happened. China has officially banned cryptocurrency. Again. But this time, it’s not just another warning — it’s a full shutdown. Whether you’re holding Bitcoin, Ethereum, or a meme coin — this matters. 🇨🇳 What Has China Banned? As of 31 May 2025, China has: ❌ Banned crypto trading ❌ Shut down mining ❌ Prohibited even holding crypto ❌ Blocked all exchanges ❌ Frozen wallets with increased surveillance They even said citizens with crypto abroad may be investigated. It’s a crypto wipeout. 📉 Market Reaction Bitcoin dropped from $111K to under $104K. Ethereum fell 7%. Withdrawals surged across exchanges. Stablecoins like USDT gained demand. But some see this as a buying opportunity. Because when fear peaks — smart money steps in. 🧠 Why Is China Doing This? The official reasons? “Financial security”, “capital control”, “fraud prevention”. But the deeper motive? China is pushing its digital yuan (CBDC) hard — and crypto threatens that. "They don’t want freedom money. They want government control." 🌍 What It Means for You This isn’t the first time China has cracked down. And each time? 🚀 Crypto came back stronger. This is just another chapter. 💡 What You Should Do ❗ Don’t panic-sell 👀 Watch institutions 🧭 Stick to your plan 📲 Stay informed 🔍 Your Turn: Is China protecting its economy — or just afraid of decentralisation? Let us know 👇 🔗 Tags: #bitcoin #CryptoNews #ChinaBan #Ethereum #CryptoMarket $BTC , $ETH $XRP {spot}(XRPUSDT)","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/04/1782f156a53e44f1a90656b0fe81f7b9.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}