Why doesn’t China ban bitcoin?

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Given the Chinese government likes to control its monetary flows and monitor civilian activities, and recently (Jan 2017) it “checks” Bitcoin companies in China, why doesn’t China explicitly ban bitcoin?

submitted by /u/dennisrieves
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1 BTC = $28085.68 USD  (via Coinbase)
1 ETH = $1908.06 USD  (via Coinbase)
1 LTC = $90.94 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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