PBC has played this game before. Public persona is that we can and will crush "the bitcoin" at anytime. Meanwhile "the bitcoin" is a multi-billion dollar boon for China tech sector. And 'wink' a means for China banksters to play currency war games without getting caught.

The message is clear, "Don't fuck with our sheep/clients in the banking sector". [But feel free to continue bitcoining the rest of the world ... might be wise to have a Hong Kong account too]