China is exerting increasing levels of control over many aspects of their society, banning bitcoin is just another example. China has also implemented strict video game bans for children, limiting them to 3 hours per week and only 1 hour per day on the weekends at a nationally set time; exerted control over tech companies, both on levels of profitability and the offering of services in the country; and continues to exert tight control over the press in the country, among many other ways they control everyday society. In short, it's a hellhole.
These are just stupid moves. How they are going to make sure that the children play video games only for 3 hours per week? They can just login with someone else's account and play as much as they want. I don't understand the urge from authoritarian regimes to dictate personal life of its citizens. If they go beyond a certain limit, then the best citizens are going to emigrate abroad. China is already having a brain drain problem, but if the government goes on like this, then it will get much worse in the coming years.
