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China

CN / CHNBanned

Comprehensive ban on crypto trading and mining since September 2021 (10-agency notice). Digital yuan (e-CNY) is the only permitted digital currency. VPN usage for crypto access widespread but legally grey.

Key Regulations

PBOC Notice on Prevention of Bitcoin Risk (2013)Announcement on Preventing Token Issuance Financing Risks (2017)PBoC/NDRC/10-Agency Notice (2021)

Regulatory Context

China has implemented a broad prohibition on cryptocurrency trading or use. Serving users in China exposes operators to significant regulatory and legal risk. SL-1 returns NON_COMPLIANT for all actions where actor jurisdiction resolves to CN.

Regulatory Profile

Primary Regulator

PBOC / CSRC

Official site

Currency

CNY

MiCA Applies

FATF Member

Yes

OFAC Sanctions

None

G20 / OECD

G20

SL-1 API Call

{
  "action": "place_order",
  "actor": {
    "declared_jurisdiction": "CN"
  }
}

Expected verdict

NON_COMPLIANT

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Other Banned Jurisdictions