As I already wrote in another topic, I believe that this ban is just a temporary decision. Here's why:
1) There are lots of fraud activities in cryptocurrency at this moment and to be able to protect people from this fraud government should decide how to regulate this new industry.
Cryptocurrency industry scaling speed is way too fast at the moment and demands fast decisions.
On the other hand, China doesn't want to make fast decisions concerning market on which they really want to be a leader.
So this is just a "STOP, THINK, DECIDE" measure being implemented;
2) I think China also understands, that there is no way to be a leader on such digitalized and decentralized market with forbidding everything strategy.
On the contrary, as a government you have to make comfortable conditions including smart regulation measures for your industry leaders to be able to drive this market on local level, especially when your country is a huge part of it.

From my point of view these 2 reasons are enough to make a conclusion that this is a preventive measure and after China will decide what to do they will reform this ban into something much more flexible.
The problem is that by that time this measure will cause some damage and I'm hoping for some official statements in order to stabilize situation, at least I hope there are some industry lobbies in China.

I believe that this ban is just a temporary decision. Here's why:
1) There are lots of fraud activities in cryptocurrency at this moment and to be able to protect people from this fraud government should decide how to regulate this new industry.
Cryptocurrency industry scaling speed is way too fast at the moment and demands fast decisions.
On the other hand, China doesn't want to make fast decisions concerning market on which they really want to be a leader.
So this is just a "STOP, THINK, DECIDE" measure being implemented;
2) I think China also understands, that there is no way to be a leader on such digitalized and decentralized market with forbidding everything strategy.
On the contrary, as a government you have to make comfortable conditions including smart regulation measures for your industry leaders to be able to drive this market on local level, especially when your country is a huge part of it.

From my point of view these 2 reasons are enough to make a conclusion that this is a preventive measure and after China will decide what to do they will reform this ban into something much more flexible.
The problem is that by that time this measure will cause some damage and I'm hoping for some official statements in order to stabilize situation, at least I hope there are some industry lobbies in China.