Fact Check: Has China approved a $40 billion XRP national reserve?

Recently, social media platforms reported that China plans to purchase $40 billion worth of Ripple (XRP) as national reserves. However, after fact-checking, there is no official confirmation or announcement supporting this news. China has not announced any strategic cryptocurrency reserves, urging investors to be cautious about market rumors.

Who made this claim?

The rumor originates from posts by crypto asset enthusiasts like Shibo on X, claiming that China will legalize XRP and engage in large-scale strategic procurement.

However, these tweets lack direct citations from official Chinese communications or reliable news reports.

Fact-checking: Is there any factual basis for this vague assertion?

No official confirmation or announcement:

So far, neither the Chinese government nor the media has made any statements confirming that China plans to legalize XRP or invest $40 billion in crypto reserves featuring XRP.

China's stance on Crypto Assets remains strict

China has always maintained a cautious and strict policy towards Crypto Assets. Since 2017, China has further strengthened the ban on Crypto Assets trading and mining. China is currently focusing on the state-controlled digital yuan, rather than decentralized Crypto Assets like XRP.

China Has Not Announced Strategic Crypto Assets Reserves:

The United States established a Bitcoin strategic reserve as early as the beginning of 2025, supported by official executive orders and public statements. In contrast, there are currently no signs that China has established or is planning to establish a Bitcoin strategic reserve.

However, it is worth noting that a Chinese artificial intelligence travel company named Webus International has just submitted documents to the U.S. Securities and Exchange Commission (SEC). They plan to establish an XRP fund of up to $300 million to hold and use XRP as part of their business.