This is pretty much the whole story right here...
" NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of Chinas monetary regulation is to ensure that the source and destination of every piece of money can be tracked. "
Bitcoin is the mortal enemy of '
tracking'. Therefore China is going to continue to assault Bitcoin from every angle. You can be sure of that.
it is because why china hate bitcoin maybe They're simply afraid of it. Did you know 40% of Bitcoin investors were chinese? Chinese government doesn't want yens to be replaced by Bitcoins.