I agree. That would be the easiest to do. But in a country as big as China, underground will always flourish despite strict penalties. Even then the punishment

I agree. That would be the easiest to do. But in a country as big as China, underground will always flourish despite strict penalties. Even then the punishment can be heavy handed if they perceive crypto currencies as an existential threat to the regime. People forget that Chinese government is the largest and probably last such dictatorship in existence today. It is easy to forget with all the capitalism sugar coat on the top :)