The Chinese state does not need money, not even "billions" - power and influence are much more important, and exerting that influence to gain control is much mo

The Chinese state does not need money, not even "billions" - power and influence are much more important, and exerting that influence to gain control is much more valuable than any amount of money unless you're talking in trillions. And even then...? There is no "win" for China (the state) by letting its population freely speculate and trade in crypto that they don't control... much better to shut it down.