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.
If I will have to say the truth, China likes to take but do not like to give. They accept mining because they know it will do their country good and generate money into their country. They do not want their citizens to be buying cryptocurrencies because they do not want inflation in their country. They know mining can not result to inflation buy buying crypto could result to it. That is why they accept mining but ban any other aspect of crypto.