This is a stupid country.
Is mainly the corruption in this country is quite serious, so the BTC and encryption currency is the way of the transfer of natural assets, it will make most of the assets transferred to foreign countries, China's so countries need to control the problem of foreign exchange, this is the fundamental.
Looks like you do not know a thing about China. Try to look at Wikipedia at first, before to make such conclusions. The level of corruption is very low there, mostly because such cases punished by death there. Is mainly the corruption in this country is quite serious, so the BTC and encryption currency is the way of the transfer of natural assets, it will make most of the assets transferred to foreign countries, China's so countries need to control the problem of foreign exchange, this is the fundamental.
I think Chineese government just trying to protect their citizens from possible loose from crypto currencies investments. I think they really care about their citizens, cause of if bitcoin will fall where all this people will go to complain? Nowhere.
