Chinas government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency exchanges?
When last September, the Chinese government decided to impose its prohibitions and restrictions on the crypto currency, they clearly stated that they consider the currency a threat to the country's economy, since the crypto currency allows uncontrolled withdrawal of funds from the country. That is, the government said that it can not control the Crypto currency. Since then, they are looking for ways to solve this problem.
They also stated that they will create their national centralized crypto currency, but they have not been created so far. Then the pressure on the crypto currency was weakened, most of the stock exchanges and exchangers remained there, freely went crypto currency. Recently there were even news that in China the ICO will be allowed, but this process will be regulated. I do not think that there they are going to finally ban all the crypto currency, most likely these are some temporary difficulties.