I don't know what are you going to say about this guys regarding "controllable anonymity". Do you think it's a good thing for Chinese consumers? As China is pushing to invest big time on blockchain by 2023, along with removing the "cryptocurrency mining" ban and circulating a Bitcoin article to their citizens, I think it's a good sign.
I strongly believe that Bitcoin and other cryptocurrencies would be massively adopted much faster as China is back in the game as one of the biggest crypto players around the corner.
The Chinese govt is notorious for spying and collecting info on their people. So "controlled anonymity" means the people you are interacting with won't know who you are, but the state will. That's the control thing.
Also - I am baffled by people claiming that China pushing a state-backed coin - from a state that is a dictatorship - will be helpful to bitcoin or the real cryptocurrencies out there.