Performance of Bitcoin during 5 historical instances of national cryptocurrency bans: 2013-12-05 The People's Bank of China and three other departments banned financial institutions from handling BTC transactions. 2017-09-04 Seven Chinese departments banned ICOs and domestic exchange operations. 2019-04-09 China's National Development and Reform Commission announced the elimination of BTC mining. 2021-05-21 The National Development and Reform Commission imposed a nationwide ban on mining activities. 2021-09-24 Ten Chinese departments fully banned virtual currency trading and speculation. 2025-10-27 Pan Gongsheng, Governor of the People's Bank of China, reiterated the crackdown on speculation and assessed the unknowns of stablecoins.