Earlier this week, authorities in China reportedly planned to block domestic access to Chinese and foreign virtual currency platforms that allowed trade to be centralized.
I also heard some news or rumors that china has been planning to block of all the other cryptocurrencies and only allow one form of it which they are heavily invested in to their borders. THAt way they can have a monopoly in their land the investments on it and it would allow them to have a large number of income mainly for the Chinese government