maybe my IQ is too low to understand certain things, but look at this:

" The token or “virtual currency” used in coin offerings are not issued by the monetary authority. Such currency does not have characteristics of money such as legal tender status and mandatory use, has no legal status equivalent to money, and cannot be circulated or used as currency in the market.
 "

I understand with these words that bitcoin and all altcoins fit into these words.

they need to use another argument to ban ICO's, unless the intention is to ban all “virtual currency”