币界网报道：China maintains its strict ban on cryptocurrency trading and mining in 2024, reinforcing its stance against decentralized digital assets. The government continues to prohibit financial institutions from facilitating crypto-related transactions, while cracking down on illegal mining operations nationwide. Despite the restrictions, China remains active in blockchain development, focusing on state-backed digital yuan (e-CNY) adoption and enterprise blockchain solutions. The People's Bank of China has expanded e-CNY pilot programs to more cities, with transactions surpassing $250 billion as of early 2024. Authorities have intensified monitoring of VPN usage for accessing overseas crypto platforms and warned citizens against participating in offshore trading. Meanwhile, Hong Kong emerges as a regional crypto hub, allowing licensed exchanges to serve retail investors under new regulations implemented in 2023.