There are fake news that had been reported this past few months that china had a meeting about banning all Bitcoin/cryptocurrency mining operations in their territory and there is this wechat photo about china banning crypto mining that become viral is also fake. But honestly we still don't know if they will really ban it, because china are against cryptocurrency and they constantly changing what they want to happen. Maybe now they don't have any about this but it can be possible. Which will be a bad thing for a short time because large cryptocurrency mining farms are located in china, but those mining farms can just migrate to other countries that allows cryptocurrency mining so it will still be fine.