Grayscale Bitcoin Trust (GBTC)

[Tenured]

They can but they can also likely purchase from exchanges outside of china unless china puts up a firewall to prevent this. The ban really limits new entrants who aren't big buyers in the otc market. Otc markers there require significant dollars (I.e. $400k) so the ban really hurts small investors.

The ban has more to do with protecting the yuan currency than it does with not liking or believing in the currency or technology.