Will regulating cryptocurrencies not give it's regulators share of power over the decentralised system?
Regulating Cryptocurrency shows that the regulators have some power over Cryptocurrency, China proved that when the banned ICO, but did you notice that most exchangers who were affected starting looking for alternatives, most of the switched over to Japan.
What does that tell you?
China has some kind of influence over Cryptocurrencies, but have no power over it decentralized nature.
Even with the supposed power that China seems to have in the crypto sphere. You would notice that after some time the market began to take shape, China or no china. Cryptocurrency is to big for any person or government to control. In thr end even if fud might temporarily destabilise the market it will always recover