To this day, there are still a lot of questions and uncertainties regarding the Bitcoin situation in China. While it is evident large exchanges will halt CNY trading, it remains to be seen if the mining sector will be affected as well.
For now, it does not appear this will be the case, and Charlie Lee recently stated as much on Twitter. However, there is no official source either confirming or countering Lee’s tweet.
Given China’s stance on Bitcoin and cryptocurrency these days, it is not entirely surprising that there are a lot of questions remaining to be answered. More specifically, we know the exchanges in the country will effectively halt the trading of Bitcoin and other altcoins linked to the CNY market.
That much is a given right now, although cryptocurrencies themselves can effectively be exchanged intermittently. The latter point confirms that China has no plans to outlaw Bitcoin by any means.