Objectively speaking, China is not banning blockchain technology. I am a graduate student in China, and the direction I chose is blockchain. We have a lot of mentors here who are mentoring blockchain.

But China bans ICOs, which the government believes could carry significant financial risks, such as suspected illegal fundraising.

As a student at a Chinese university, I do not comment on the Chinese government's choice. Perhaps you can understand that if 1.4 billion people have to express their views on cryptocurrencies, it will be more chaotic than the Middle East. In a sense, that's impractical.

But we can really study the technology of Bitcoin and its cryptocurrencies. Note that it is not that Chinese people do not pay attention to cryptocurrency technology.

Sometimes we feel like we can't find more blockchain jobs. But if the blockchain can bypass the ICO and just record the information of certain industries faithfully, I believe the Chinese government will not refuse.