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RE: China Official Media: We Can't Ban Bitcoin, We Want To Regulate It
I suspect that what is really going on is that top officials and cronys want to be the one's to economically benefit the most from Bitcoin. I am betting they bought in when the price crashed over their announcements that there was going to be some kind of a crackdown... But now they have safely bought in -- they will of course allow it to continue.
Their own speculation is part of the game, I agree.