Every time some bureaucrat in Red Fascist China makes noises like this they get slapped down soon after. A bait and switch as old as " the 100 Flowers * campaign.  More recently its was ' We won't surveil the little guy doing crypto transactions under X amount " Yeah right.  TL/DR there will never be any top-down crypto-currency regulation short of an alien invasion. This means huge regulatory arbitrage opportunities and more cryptoanarchy.  Welcome to the anarchist revolution you commie dipshits.