its will take time to happen, as we know china always control everyrhing they want to jave what others have, they made their own coin, I think so that they will be able to totally use bitcoin, they also crwcking down exchanges, at the moment for crimes, money launderingg and more , so at this moment , they are not almost legally accepting it as a legal currency
In China, the government does not accept bitcoin and other altcoins. And the current exchanges are also in their ban, so I guess they will soon launch their own cryptocurrency and their own exchange, and they will control everything related to cryptocurrency. China recently gave blockchain compliments but they didn't mention the current cryptocurrencies, so I'm worried about the future of cryptocurrencies, most likely in the near future, the Chinese government will tighten the cryptocurrency market in their country
Yes, you are right, Bitcoin will not be accepted in China as a currency, you know how much China hates Bitcoin is that they even banned Bitcoin mining and other crypto exchange, and now they are also cooking their own crypto then for sure that they will not be in favor of Bitcoin as their own currency, let's watch out in the next coming months.