Seemingly in the news we hear how China is anti Bitcoin and anti cryptocurrency and well that may be all well and true but for an anti Bitcoin Country they sure do have lots of hash. In the Top 10 mining Pools in the world China has around 4 maybe even more. Which comes to the question what is really going on in China & The Bitcoin. As usual thoughts and comments are more than welcome. Thanks.
The Chinese government is against domestic use of bitcoin as a means of payment. However, apparently, they give people money to earn Bitcoin mining there. Therefore, although the government takes some measures to prohibit the use of cryptocurrency by citizens, these measures are not so tough. Now they want to switch people's interest from a decentralized cryptocurrency to their national stable coin, which the government will fully encourage for circulation both inside the country and abroad.