"As for whether there will be more regulatory steps, we will need to wait for orders from the larger authorities." Excerpts from an meeting with team head of the China's Public Data System Protection Guidance agency underneath the Ministry of Community Safety, 28th FebruaryWHY WHY WHY!?Envision your child investing their savings to invest in a digital product (in that situation, cryptocurrency) that he or she does not have any means of verifying its credibility and value. He or she could get happy and strike it wealthy, or lose it all once the crypto-bubble burst. Now scale that to millions of Chinese citizens and we're talking about billions of Chinese Yuan.