I agree with you on this. It is a temporary situation. In fact, I wouldnt be surprised if the Chinese backed off on this deal or opened up "official" exchanges. The Chinese have the biggest mining operation in the world and, to my knowledge, the gov't hasnt touched that. Why not? The answer is the Chinese see incredible wealth potential in crypto. Lest we forget, this gave China, a country with few natural resources, access to resources.

China doesnt want money flight...that is their biggest concern. They will eventually balance this fear with their desire to profit off this market. Bet the ranch, with the projections for bitcoin and some other currencies, they will lean towards profiting.