#USChinaTradeTalks China's stance on crypto is very strict. The Chinese government has banned almost all crypto-related activities, including trading, mining, and even personal ownership of digital assets like Bitcoin. This ban is based on concerns about financial stability, money laundering, and the potential disruption to government control over the monetary system.

Nevertheless, Chinese courts have recognized crypto as property with economic value, providing limited legal protection to owners. Interestingly, while banning decentralized crypto, China is actively developing the Digital Yuan (e-CNY), its own central bank digital currency (CBDC), which is fully controlled by the state. This demonstrates China's focus on blockchain technology innovation, but with tight control.