China dismisses crypto ban issue! Investors calm down, Bitcoin has a chance to rise sharply?

Jakarta, Pintu News – The Chinese government recently clarified that there is no new policy banning cryptocurrencies, despite rumors circulating in the media and online platforms.

On August 3, 2025, unverified reports suggested that the country had reintroduced restrictions on digital assets, but no official statement from Chinese authorities confirmed the action. The current regulatory framework is still in line with the 2021 policy that banned cryptocurrency-related trading, mining, and financial services.

Market Stability After Clarification

Rumors emerging from social media and other unofficial sources briefly caused market volatility, with cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) experiencing short-term drops.

However, the market soon stabilized after several sources confirmed the absence of new restrictions. An unnamed regulatory source emphasized that no official announcement had been made, which reinforced doubts over the authenticity of the claims.

The market then showed a recovery, with Bitcoin (BTC) rising again after an initial drop, closing at $114,472.47 with a market capitalization of $2.28 trillion. Analysts point out that rumor-driven fluctuations like this are common, although they do not necessarily reflect long-term market trends.

Also Read: 5 Crypto that Can Bring Bigger ROI than Bitcoin: Analysts’ Picks?

Regulation and Its Impact on Crypto Ownership

While cryptocurrency ownership is still legal in China, trading and mining remain restricted under existing regulations. This distinction is important to understand in looking at the regulatory landscape, as some reports have conflated ownership with trading activity.

Analysts from Coincu suggest that the current environment offers opportunities for stability and growth, provided the regulatory framework remains unchanged. This uncertainty highlights the challenge in separating verified policy updates from speculative commentary.

Reports from platforms such as Facebook and AInvest have added to the confusion, with some stating that a ban on Bitcoin (BTC) ownership is being considered. However, such claims lack official confirmation and should be treated with caution.

China’s Influence in the Global Crypto Ecosystem

Market participants continue to closely monitor regulatory developments, especially given China’s significant influence on the global cryptocurrency ecosystem. To date, no new regulations have been introduced, and all existing measures remain in place. This clarification is expected to alleviate concerns among investors and stakeholders in the crypto industry.

This continued uncertainty demonstrates the importance of accurate and reliable sources of information in navigating an often volatile market. Investors and crypto users are expected to always seek information from reliable sources and avoid making decisions based on unverified rumors.

Conclusion

With the latest clarification from China, the cryptocurrency market seems to have found some relief from the jitters caused by rumors. Nonetheless, it is important for all parties to remain vigilant and follow further developments to ensure that they remain within the applicable legal framework and utilize emerging opportunities wisely.

Also Read: 5 Crypto Ready to Pump After Bitcoin Consolidates in August 2025, Don’t Miss Out!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AINVEST. Bitcoin News Today: China Reaffirms Crypto Ban, Market Volatility Rumors. Accessed on August 4, 2025