With that said, I think they already put into rest speculations about Chinese bitcoin trading platforms opening its door once more. Chinese authorities decided to ban digital currencies as part of a plan for reducing the country's financial risks. But how did bitcoin really become a financial risk to the Chinese government? I would understand banning ICO's because there's a lot of scams out there, but shutting down bitcoin exchanges? I really don't know.
I have a feeling that the Chinese government is really feeling threaten by bitcoin growing everyday and they can't contained it in the future that's why they have to make a drastic move last September. But seeing bitcoin die as he portray it is out of context. It would never die and will continue to flourish.
Bitcoin threat to any of the formal economy. Even if we assume that all bitcoin users will honestly pay all the taxes it will not help the government. People will choose better-paid jobs in the Internet and the real economy will begin to suffer from labor shortages. I think that is the key that is afraid of any state.