This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
Well, for sure it's price will fall specially knowing China's population right now. And Bitcoin will loose it's significance if it is being controlled or govern by any Nation. Bitcoin should always remain discreet and away from taxes.