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.
I don't recognize you, I have many Chinese friends, they like COINS,They are fans of COINS, they are eager to free trading bitcoin in China, but the Chinese government does not allow them to do so
The Chinese government is not friendly for COINS, they believe that the bitcoin is fraud, is a bubble, I think this is their excuses, they just worry about the bitcoin would threaten China's domestic legal tender status, I think in the future, the Chinese government will regret their decision, now will accept COINS again in the near future