Recently, I heard that China banned holding cryptocurrency and cryptocurrency transactions, so does that mean that having cryptocurrency in China would be a criminal offense? Moreover, why create such a ban in the first place?
I don't know what want by China with bitcoin, always have different said with bitcoin become legal currrency payment and some time said bitcoin will banned, which one true just on China president know about bitcoin, make become legal or banned currency there. I hope China want adopt bitcoin and altcoin as currency digital payment because China against US with USD currency.
The Chinese government a few days ago banned all cryptocurrency exchanges on its territory, but did not take any action to ban the use of cryptocurrency by citizens. Apparently, the ground is being prepared there for the predominant circulation of China's national stable coin CBDC. Perhaps we will see other actions by the Chinese government in relation to a decentralized cryptocurrency. Time will tell. However, I do not think that these measures will be tough.