The government of China is authoritarian by nature. They understand that cryptocurrency can potentially provide financial freedkm to their people which could in turn challenge the stability of their authoritarian regime. Like every other problem, they are now trying to uproot this problem from their soil. But that's not the end really! Wait for some more days, they will legally ban every single cryptocurrencies and all related transactions. They will also impose a punitive action if anyone is found dealing in cryptos. They are good in uprooting any challenges and they will try their best in this case as well.