China Cryptocurrency Tax
Detailed cryptocurrency tax rates and rules for China in 2026.
China has effectively banned cryptocurrency trading and mining since September 2021, when the People's Bank of China and other regulators declared all cryptocurrency transactions illegal. Prior to the ban, crypto gains would have been classified as property transfer income subject to 20% individual income tax. While Chinese residents technically should not be engaging in crypto transactions, any gains that are identified would be subject to taxation as property transfer income.
Crypto Tax Status
Taxed
Treatment
Effectively banned; property transfer income if applicable
Additional Notes
Despite the ban on domestic trading platforms and mining operations, enforcement on individual peer-to-peer transactions and overseas trading remains challenging. China has been developing its own Central Bank Digital Currency (CBDC), the digital yuan (e-CNY), which operates under completely different regulatory and tax treatment from decentralized cryptocurrencies.
How China Crypto Tax compares
China taxes cryptocurrency gains. 68 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
