They can only ban exchanges that are physically in China by going after the people running them. Even if they did that, as you point out people could trade on non Chinese exchanges or DEXs.
They can only ban exchanges that are physically in China by going after the people running them. Even if they did that, as you point out people could trade on non Chinese exchanges or DEXs.
RE: China To Ban Cryptocurrency Exchanges Once Again - Don't Make Me Laugh!