Exactly. Probably the one who hate Bitcoin and the rest of cryptocurrencies are the just their government the fact that these kind of currencies are decentralize that would make for them to monitor. Besides, they might not totally hate the fact
that they got the higest position of Bitcoin mining pool. And if they totally hate it they can ban it and any related transaction regards with it but instead they only banned the exchanges as I remember.
[/quote]However, the Chinese government is very open to the development of the blockchain and plans to create their own cryptocurrency. And it is true, the fact is that cryptocurrency cannot be denied completely because there are some advantages which are the evolution of technological and financial developments. That is why the government is trying to make its own cryptocurrency that they can monitor.