China said it is a commodity that citizens are free to trade. They made sure to put that in there official letter. They are saying it can be used to trade and store of value but not as a currency. Oh boo hoo.
If anything that's good news! WTF is wrong with people? China didn't put their magic stamp of approval on it and worship Bitcoin as our new god? How horrible.
I guess people were disappointed China didn't immediately recognize Bitcoin as their new official currency, replacing the Yuan...