In my opinion the main reason behind banning bitcoin from china is people's will addict to bitcoin rather then their fiat, and for that china will be in loss of huge taxes.cz bitcoin fees will not go to chinas govt fund.
Afraid Fiat afraid.new era has begin.
Yep Chinese dont hates bitcoin but they need a big control in system there country. I think the chaise government dont invest in online unknown currency they want to make their own currency is control in all world .the people of china like bitcoin and everyone like bitcoin
They actually intend to regulate the bitcoin just to keep their economy stabilized, they seem to have no interest to take the control over bitcoin but instead, don't want to miss the opportunity of taxing bitcoin users by tighten the rules. so many people here got why china regulate bitcoin wrong and the result are so many nonsense opinions. people need to wake up and learn to know what government want to know more about their movement.