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ASIA-PACIFIC · JURISDICTION PROFILE

China

Restricted Travel Rule: None
Regulator(s)PBOC ↗
FrameworkProhibition + e-CNY
Travel RuleNone
FATF statusNot listed

Overview

Mainland China prohibits crypto trading and mining, having declared related activities illegal in 2021. Official policy centres on the e-CNY central bank digital currency, while Hong Kong operates its own separate, permissive regime.

Regulatory framework

Crypto trading, exchange operation and mining are banned; the e-CNY CBDC is being rolled out.

Licensing & authorisation

No crypto licensing is available on the mainland.

AML & Travel Rule

Not applicable to prohibited activities.

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Sources & official links

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