@Kakmakr. As I said, it's all about maintaining control, not just on its financial system, but also on its citizens. They will keep using FUD and try to misinform everyone into avoiding the cryptospace because it is bad, and that the government is there to protect them.
I reckon some Cryptonote based coins will be the future thanks to its always on privacy features and its Asic resistance. They will be hard to trace and to stop.
Who needs China? miners. they are not hunting down miners. hunting down services and exchanges, because they want to have services and exchanges of their own.
" The new AML Regulatory Framework does not re-shape the currently existing regime but is prepared and issued to strengthen efforts for combating money laundering, terrorist financing, maintaining and enhancing China’s international reputation and to contribute to public confidence in the financial system. " - The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA)
Do you recognise the scare tactics with the words that are being used? When a totalitarian regime wants full control, they usually use these scare tactics to acquire subservience to the state.
These Dictatorial and tyrannical, oppressive regimes will never allow any kind of freedom for their people. Bitcoin is definitely a threat to their power and control over their people. The Chinese government recognizes no limits to its authority and strives to regulate every aspect of public and private life. ^hmmmmmm^
They are not after controlling their people, they want to be the only services and exchanges.
