Hi I think just before a month we saw china banning ICOs and taking severe actions against bitcoin exchanges which led to the shut down of almost all the three big exchanges.We could clearly understand that chinese government is totally against bitcoin.China has the largest number of mining farms in the world.
But still china has not banned mining.So,what's actually stopping china from banning bitcoin mining totally there?
Kindly shed some light on this topic.
Maybe because that would not stop mining, but would transfer mining operations to the black market.
I also have a theory that they prefer to have these mining operations in their territory, so they have a chance to exert influence over Bitcoin in the future.