Why outlaw something profitable and create a black market when you can legalize it, monopolize it, and tax it?
I have to stock on popcorn for when they will expropriate Jihan Wu & C. I guess BitCHcoin will become the new CHinacoin then.
It is already done. And they wil not close the miners. Only, BTC will be produced for export exlusively. The BitCHcoin probably will be traded in Yuan also.