That’s what’s they are going to do, they will cancel Chinese users. People who are living there will have to switch from those centralized exchanges to making use of decentralized /peer-to-peer exchanges, because P2P exchanges are the only places they can trade without having any problem with the government.

By the way, I don’t even know why we are still talking about this China banning of bitcoin and other cryptocurrencies by now this is not the first time that they are saying this, I even thought that it has been banned some years back, because I can remember this is not the first year that I have been hearing about Chinese ban on cryptocurrency, it has gotten to an extent where it tickles me anytime I see the media repeating this same news, just starting to seem like a new strategy for them to be bringing the price down every year.