"If it (trading platform/website) is called an exchange, it is not allowed unless a relevant department of our country permits it..." explained Zhou Xuedong.
Here it can be seen that they are engaged in imposing their bureaucracy, but on the one hand they may be right.
Someone needs to protect people in case an exchange gets away with bitcoin from people.
...I see this is as an attempt to discredit its legitimacy.
It may be true, but we have to look the other way.
If an exchange runs away with all the people's money? They (PBOC) are using a very strong argument