China is all set to launch its own crypto currency for more than 1 billion of its population how will it effect the crypto market ?
You mean the Chinese gov is going to launch the crypto currency. So I thik that currency will be totally centralized controlled by their Gov. And don't worry about the massive population of China. Maybe they are one sixth of the total population of the earth but that does not make any sense that the crypto market is going to affected if all of them start adopting that.
Crypto lovers mostly not interested with system which have a total control coming from the government, it's not attracted to invest or support crypto currency which will be handled by centralized system especially with a certain government that have the total manipulative access with the project.
Though we are talking about billions of people who will be adopting the system and if this country will serve a good example, potentials that many will follow and bring impacts to this industry.