Considering people in China are using Bitcoin to skirt Chinese capital controls, this would be the "right" move (in the mind of the government.) If China were to hamfistedly crack down on bitcoin and centralize exchanges under government control, bitcoin would collapse (imo.) I honestly think such measures are inevitable from Chinese officials. Though the problem I'm sure is that there are some officials or people tied to them that now holds coins, which gives them some conflict. Bitcoin as an industry is sort of baffling to me.