that is what we must understand that not because they are putting some laws meaning it is bad for the crypto because they are only protecting the righhts of their people specially in this investments that mostly risk to enter.
so for them to give assurance to the Chinese people atleast this action must take place.
Actually not, they are also regulating their market that projects that will enter their people should not affect their governance, and if they see a cryptocurrency investment platform or a crypto itself imposed a risk to their people, they act on it right away. That is the main good points that China is doing that others aren't. Because for me, proper education to the people and restricting them to enter dangerous investment should be implemented for these kind of projects not to be encourage entering their people anyway.