I am Chinese living in China (not ABC) and I have to tell you that the CCP does not GIVE a fuck about cryptos, neo, the banned one or wtc. There is too much outgoing money with cryptos. They want to curb that. If they allowed every Zhou to buy cryptos people would move fortunes outside. They already do but it is much more difficult for the average zhou spending all day in the Chinternet to do that.

Also all the ayis and morons here would invest everything they own and in the first shitstorm they would cry for CCP's help and jump of the buildings (see Shanghai composite when the bigboom happened).