On February 25, 2022, China's Supreme "Peoples" Court established the use of cryptocurrency for fundraising as illegal, punishable by up to 10 years in prison. This is not the first ruling by the court restricting crypto. Back in 2013, the government banned their banks from dealing in bitcoin. Further, in 2017, digital tokens of all kinds were banned in the raising of capital and, in May of 2021, bitcoin mining and trading was further restricted.
Hebrews 10:24-25 And let us consider how to stir up one another to love and good works, not neglecting to meet together, as is the habit of some, but encouraging one another, and all the more as you see the Day drawing near.