the People's Bank of China's does not appear to understand what the cryptospace is
Oh they understand very well, that's why they are implementing these measures. Dude this is not about economics or about protecting your citizens or about money laundering or about terrorist financing ... The Chinese government is headed by a group of people who want to keep in control of the entire population, bitcoin has a very ideology different from the ideology of the Chinese government.
I reckon China will be the no.1 in economy, technology and in military by 2050.
And on that day the forest of Africa will not exist, the sky will be black and without some bird because all birds will be dead, the oceans will be without octopus, squid, fish, seafood, scorpions and snakes will be in the extinction because of these Chinese and many Asians that fish and destroy nature aggressively. china is colonizing Africa indirectly, and this is because many African governments are run by shit people and corrupt people