China is reportedly considering a ban on Bitcoin ownership, potentially extending its existing restrictions on trading and mining to private holdings. If implemented, the move could destabilize global crypto markets, mirroring past volatility from Chinese policy shifts.
The potential ban has already triggered market concerns, particularly in Asia, where Chinese regulatory decisions often influence regional sentiment. Bitcoin’s price history has shown sensitivity to policy shifts in China, with past bans on trading and mining causing short-term volatility.
Despite the restrictions, reports indicate that China may still hold a significant amount of Bitcoin, likely acquired before the 2021 trading and mining bans. This highlights a complex dynamic where the country restricts public access to crypto while maintaining strategic digital asset reserves.
Globally, Bitcoin remains a strong asset, with 97% of Bitcoin wallets in profit as of late July 2025. The move could further distance China from global crypto markets, particularly as other countries explore digital assets as alternatives to traditional fiat.
As the situation evolves, investors are closely watching for any official statements from Chinese regulators. A new ban on Bitcoin ownership could have far-reaching implications for both the crypto market and digital asset regulation globally.
Source: https://www.ainvest.com/news/bitcoin-news-today-china-reported-bitcoin-ownership-ban-digital-yuan-push-2508