Corky34
Got to say that seems a bit weak in terms of repercussions for doing something illegal, especially as, i thought, Crypto sort of avoids traditional banks and payment companies.
Not saying it's nothing BTW, it just seems those sort of things could be circumvented or worked around without much loss.
Well I don't know what the repercussions actually are - I sort of get the impression that the authorities don't always spell it out, instead they maybe let it be known that they disapprove of something and then sort out the repercussions as best suits their purposes later.
As for circumvention.. if your electricity supplier suddenly won't give you more than enough to run a few light bulbs then your only circumvention is to buy and run a generator - and you can bet they are being clamped down on at the moment as well. Then likewise if you suddenly can't actually convert your mining spoils into usable currency (and can't use it to pay for anything) then that also puts a bit of a damper on things. Something we'd consider circumventable in the west isn't quite the same when you don't have access to a free market/internet.
Of course, it'll just move out of China, and then the authorities might consider how they can get in back in a manner they can control/profit from.