China Compliance Report

Regulatory Overview

Regulatory Status

Outright ban on crypto ownership, trading, or mining

Key Regulator(s)

Bank of China, Ministry of Public Security

Travel Rule

Not adopted

Tax Reporting

Individuals face a flat 20% capital gains tax (CGT) on profits from selling, trading, or exchanging crypto (including crypto-to-crypto trades, NFTs, and DeFi activities), calculated as the difference between sale price and acquisition cost in RMB using official exchange rates; this applies regardless of holding period and treats crypto under "property transfer income.". Buying crypto with fiat is not taxed, but realizing profits triggers the 20% CGT.. Businesses pay 25% corporate income tax on crypto-related gains.. Crypto earned as income (e.g., mining rewards—though mining is banned—staking, airdrops, salary, payments for services, lending, yield farming, or NFT creation/royalties) is taxed at individual progressive rates from 3% to 45% based on total annual earnings; general thresholds (e.g., 5,000 CNY monthly) may reduce liability.. Companies pay 25% corporate income tax on such earnings.

Key Facts

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