It's still effective for spreading the FUD. China hasn't even unbanned Bitcoin. BItcoin had been banned in China since 2013 and then they ban it again without even unbanning it in 2017 and then again in 2021 they ban Bitcoin again without telling us that they unbanned it already.
Its really interesting how they come up with carbon emission when it's still US and European countries' carbon emission is higher than China.
I agree with you. China has ever accepted Bitcoin and cryptocurrency. They made bans a few times with scam ICOs, IEOs, IDOs and how shit newspapers and social media can spread this good attempts, good regulation as the end of cryptocurrency and Bitcoin in China mainland.
If governments control scam good, it will give a cleaner space for cryptocurrency.
It is a good news if China will actually put scammers into the jails. It is positive.
And China has ever ban Bitcoin or cryptocurrency.