LOL..I call this bullshit if this is your honest "understanding" of the CCPs actions. In the worst case, you are probably just another one of CCP social media warriors whose job is to help manage China's "image".  The Chinese have for long maintained a list of the "innovative" cryptocurrencies and routinely rank shitcoins like EOS and NEO above Bitcoin. So please don't insult the intelligence of people on this forum by coming up with excuses like, "Oh, they don't want people to go bankrupt from shitcoining".

The only reason for these bans is that the Chinese probably want people to use their centralized CBDC rather than cryptocurrencies.

Another important reason is that for all the propaganda that CCP drills in the society, i believe that it must be refreshing for so many of the Chinese nationals to actually have a voice in shaping the future of cryptocurrencies projects. The Chinese people are devilishly clever and pretty brilliant, nobody can deny that. Yet, the CCP strangles the natural yearning of man to have a free voice and free thought. That yearning finds expression in crypto communities. All the communities that i have seen in Alt-coins, the Chinese are usually one of the most active ones. I don't think the CCP can have so many people getting ideas of democratic voting, governance and decentralization into their heads.

A ban is then the easiest way to control this and keep the people in control.

So frankly, stop bullshitting the people on this forum by claiming to represent "China" and then making excuses for something that the CCP does to maintain control. If you are truly a free-thinking man/woman behind that screen, stop this charade.