I've heard the news that China will create its own Cryptocurrency, but I do not know for sure. obviously China is a big country that has a strong economy, and this is very unfortunately China forbid Bitcoin, because in fact many big investors from China who became investors Cryptocurrency. and this greatly affects Bitcoin and other Cryptocurrency Values.
I think china banned bitcoin because china scared if the bitcoin currency will replace on own currency and we can see china is a rich country and china dont need a other currency because the money of china is high value unlike in other country.china scared also to replace on own currency because if the bitcoin will the mean currency of china the government did not get tax.