What people are misunderstanding towards China's stance on cryptocurrency is that it's not just about 'banning cryptocurrency', it's about controlling capital outflows. All asset classes are affected by this. It's incredibly hard to invest overseas while inside China. Until their stance on capital controls changes, cryptocurrency will remain on the wrong side of the government. With that said, here at the moment I struggle to go a day without talking to a Chinese person interested in blockchain. There is a blockchain park in my city.
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Just like Stocks and Commodities trading before it.... as well as a means of getting capital out of China.
Exactly!
Thank you for your comments. I also believe it has a lot to do with capital outflow control.