There is historical precedent for China’s resistance to bitcoin, a money that enables freedom and individual pursuit of capital.
This is an opinion editorial by Andrew Axelrod a Bitcoin educator and contributor to Bitcoin Magazine
Much like the tragic figures of Greek mythology, China has a long and storied history of snatching defeat from the jaws of victory. Its ruling class, in particular, has always had an insatiable appetite for self-flagellation. Banning bitcoin is just the final chapter of this sad and destructive story.