Multiple foreign media reports that "China officially bans cryptocurrency trading and mining" may be false news

ChainCatcher news, according to BlockBeats, multiple overseas media and KOLs, including Kalshi, First Squawk, and The ETF Store president Nate Geraci, reported the so-called "China has just officially announced a ban on cryptocurrency trading and mining." BlockBeats has learned from multiple sources that, as of now, no relevant ban has been announced recently.

In fact, as early as May 19, 2021, China had fully banned cryptocurrency mining activities.