china is one of the powerful country in this world.they are in a high position in economy.and also china is well developed country.but they still don't like bitcoin revolution.what is the main reason for that?
First of all bitcoin is decentralized which means chinese government cant manipulate it, their citizen who is involved in bitcoin are hard to trace likewise demand them for taxes. The money that the government would collect from its citizen will be huge and can help their economy to be much more greater than other first world country. I think this is why chinese government are against bitcoin.