If China cared about the environment and wasn't interested in eliminating the competition as a preparation for the digital yuan, why not kill off every industry that doesn't use renewable energy? If too much fossil fuels are used in the mining operations in China, why not give the miners a deadline of 1/2/5/10 years to switch to better sources of electricity instead of preventing them from conducting their businesses within a few days or weeks?
There are uneducated people all over the world who invest in bitcoin among other things. Your statement that they are trying to protect its citizens is simply wrong. Gambling is if I remember correctly banned in China, but you are allowed to play lottery in locations the state deems as good (the ones run by the state). How do you comment on that? Chinese citizens are protected from losing money in private casinos and sportsbooks, but they are free to lose it in establishments that pay taxes to the government and are operated by them.
There are uneducated people all over the world who invest in bitcoin among other things. Your statement that they are trying to protect its citizens is simply wrong. Gambling is if I remember correctly banned in China, but you are allowed to play lottery in locations the state deems as good (the ones run by the state). How do you comment on that? Chinese citizens are protected from losing money in private casinos and sportsbooks, but they are free to lose it in establishments that pay taxes to the government and are operated by them.