Is bitcoin banned in China?｜Despite countless Western media outlets describing China's crypto “ban,” crypto trade is very much alive on mainland China. In just one month last year, Binance reportedly did $90 billion in Chinese crypto trade, making China the largest market for the world's largest exchange.

Is it true that bitcoin is prohibited in China? Despite various Western media outlets portraying China as having a strict "ban" on cryptocurrency, it appears that crypto trading remains vibrant within the mainland. For instance, Binance, the world's largest exchange, reportedly facilitated a staggering $90 billion worth of crypto trades in China within just one month last year, making China its largest market. So, does this indicate that the supposed ban on bitcoin in China is merely a facade?