Will be interesting to see how many people in China continue to use it anyway. I'd continue to accrue BTC if my country banned it.
It's all a matter of what consequences you're facing.
If for example Norway would ban bitcoin and the fine will be a few hundred krone probably not that many people would care, if the county banning it is China and the punishment is 20 years in prison or even worse then the percentages will reverse. And it's not only about the punishment but the mistrust that somebody will give you away, nobody will hunt bitcoiners in the Western world, but when it comes to surveillance in China, that's a different thing.
Besides, I'm rather curious how many people were actually using bitcoin at this point in China.
How will this impact Bitcoin and other cryptoprojects?? What do you think guys?
Bitcoin? Very little to nothing.
Tokens? That's a lot different, tokens have no real usage other than trading, pump and dump schemes, and everything else, and Asia and even China was a major player in this, more than the western world, so the altcoins will feel the burn more.
I'm really curious to see what Vietnam's stance will be after this, it will be interesting, the same communist structure but at the same time more different approaches from more rigid to more flexible depending on the areas, if they do choose the same approach it's clear every dictatorship authoritarian regime will follow.