Multiple foreign media outlets reported today that 'China bans cryptocurrency trading and mining again' may be untrue

BlockBeats News: On August 3rd, multiple overseas media and KOLs, including Kalshi, First Squawk, and Nate Geraci, President of The ETF Store, reported the news that "China has just announced an official ban on cryptocurrency trading and mining". BlockBeats has learned from multiple sources that there have been no recent bans announced. In fact, as early as May 19, 2021, China had completely banned cryptocurrency mining activities.