Is crypto still banned in China? Last year, China’s government banned cryptocurrency trading and mining in one of the world’s most intense crackdowns. But China’s government is pursuing other uses of blockchain technology and non-fungible tokens (NFTs)—as long as the technology stays under its control.
Has China accepted cryptocurrency? Key Takeaways. China was one of the first countries whose people quickly embraced cryptocurrency. The first cryptocurrency exchange, BTC China, opened in 2011. Cryptocurrency was accepted as payment for services as early as 2013.
Which country banned crypto? North Macedonia. North Macedonia is the only European country so far to have an official ban on cryptocurrencies, such as Bitcoin, Ethereum, and others, in place.
Why does China ban crypto? Explaining the ban, China’s official Xinhua News Agency reported Friday that cryptocurrencies have disrupted the controlled economy’s financial systems and contributed to crimes such as money laundering.