Virtual Currency Policy

2026 Global Rankings of Major Cryptocurrency Exchanges and the Current Regulatory Landscape in Mainland China

As of July 2026, the global cryptocurrency exchange landscape remained stable, with Binance, OKX, and Coinbase leading the pack thanks to their strong user bases, trading volumes, and compliance records. These platforms offer a diverse range of trading services and continue to expand the Web3 ecosystem.Meanwhile, regulatory policies regarding virtual currencies in mainland China remain strict. A notice issued in February 2026 reaffirmed that virtual currency-related businesses constitute illegal financial activities, and the operation of trading platforms within the country is strictly prohibited.Although some users engage in peer-to-peer (P2P) trading through overseas platforms, authorities continue to crack down on illegal activities and are proactively exploring relevant legislation to clarify the legal status of virtual assets and strengthen regulation.