China never ban cryptocurrency transactions via blockchain rather what was banned is scam ICO to be done in China The incessant chunning out of ICO every day is now alarming. They are only protecting their citizens and their country name and integrity.
The People's Republic of China is just banning scum ICO each pretending to being running a block-chained facebook/google by simply copy and paste others' codes.
sometimes you just have to ask yourself whether encryption is the solution to all problems in the world!