China Crypto Ban Rumors Shake Markets as Digital Yuan Dominates
Social media buzzed with claims on August 2 that China banned cryptocurrency ownership, briefly sending Bitcoin below $113,000. These unconfirmed reports come as China continues to expand its government-backed digital yuan. Several accounts, including @Rawsalerts, shared posts claiming China “officially banned cryptocurrency trading, mining, and related services.” The market reacted quickly but cautiously, with Bitcoin ...
