I am also a native Chinese. I don't agree those saying China ever "banned" bitcoin. It is pure FUD.
If China truely "banned" btc as they said, why does this country hold largest coin trading volumn and owns biggest mines and hash rate?
Gov only said it is not a currency issued by the country, and investment should only be made with caution due to volatility.
Banks are, however, very negative towards cryto currency related business.
This is understandable because bitcoin is by defination MONEY WITHOUT BANKS.
So, BTC is deemed as normal goods by the government.
Nobody is arrested for owning or trading btc in China.
In fact there are quite a lot of creative and hard working people trying to innovate with bitcoin technology. OKLink is just an example.
Well that must suck. If they see BTC as goods and not as a foreign currency it just means you are forced to pay VAT for conversions. They should learn from Spain and make it VAT-free.
The way people interpret the Chinese regulations changes every day, I believe. I also think that the Spanish or also German approach to taxing and classifying Bitcoin is the best way to go. But maybe some governments don't actually want to help Bitcoin but rather want to keep it down or destroy it?(!)