We already know China's government has been ban initial offerings and bitcoin exchanges in since beginning of September this year.
At that time, all bitcoins exchanges in China have problems to continue this business. Some China's Bitcoins holder also divert all its assets to store in abroad exchanges.
Source from
https://cointelegraph.com/news/breaking-china-may-cut-off-cheap-power-to-bitcoin-minersThe statement regarding the cessation of cheap mining electricity indicates that the Sichuan Electric Power Company has issued a circular indicating that it will no longer provide the necessary power from its grid-connected hydropower stations. The circular suggests that Bitcoin mining is illegal operation. The circular has yet to be confirmed.
If this true will be applied then China's is serious to fight this Bitcoins business.
Great, get ready to pay more transaction fees now. I don't understand what is the motive of China for banning bitcoin and related services or work? Mining in China contributes the largest towards the bitcoin community and if this cheap electricity is no longer provided to miners then everyone would face a lot of difficulties sadly.
Russia was trying to beat China in mining and we have no proper updates on it yet. There is a mayhem in the world of crypto currencies now, just we can pray to end this sooner.