Recent reports have shaken the widely accepted belief that China has implemented a complete ban on cryptocurrencies. Contrary to what many people think, there seems to be a lively cryptocurrency trade happening within China. Binance, the world’s top crypto exchange, is said to have facilitated an incredible $90 billion in Chinese crypto trade within the span of just one month. Exploring China’s stance on cryptocurrency reveals a regulatory landscape that’s much more complex than the common belief of a total ban. People in the know argue against the idea of a complete ban, saying individuals aren’t legally stopped from holding or trading crypto, but their actions might not have legal protection.