China believes that Bitcoin, as a virtual asset, has regulatory risks. It also has the characteristics of anonymous circulation and centralization, which makes it difficult for the supervisory authority to play a supervisory role, and it is easy for criminals to use Bitcoin to launder money. And Bitcoin is not issued by a Chinese government agency, and it is not a real currency. It is calculated by network nodes, so Bitcoin cannot replace traditional currencies. The management also made it clear that Bitcoin is not a currency in the true sense of the word, denying Bitcoin's currency status. Recently, Bitcoin has been shut down to prevent a series of unpredictable financial risks. This is what everyone can see. As for whether the Chinese government has privately levied coins, we don't know, perhaps through various news, suppressing the price of Bitcoin, so as to get more low-priced bargaining chips. It is also possible to face the open and transparent technical code of blockchain technology and Bitcoin. Innovate to issue China's own digital currency to resist the position of the dollar's leader.