It is definitely that there are a major problems in the economy of China, due to the existence of Bitcoin and other currencies in the market. Moreover, this has led to preventing the use of all digital currencies in this country.

In addition to that, the government of China has tried many times to break the progress of bitcoin and it has not been able to achieve that goal. In my opinion, if many economic crises occur in the coming period, then it is sure that china will recognize all digital currencies (I think it will be achieved in the near future) .