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They don't.
They just banned Bitcoin exchanges. Which means you can hold any cryptocurrency in China, but you can't trade it on a market.
Thanks Bro
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by zabi446 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
This post has received a 0.52 % upvote from @drotto thanks to: @banjo.
great post. follow me and see the post I posted @luisquijada2697
great content! and thanks again for following!