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!
Just as preprogrammed, the cryptocurrency market is not a government owned operation. As much as mist of the Bitcoin miners come from China, it doesn't give the government of the country effrontery to take over the mining processes of bitcoin. But maybe an agreement might be reached later on in future as to how the government can come in to partner with the miners but definitely not taking over.