A lot of chatter about this being "China's trillion dollar mistake". I don't think China's dumb, so keen to hear what they might have up their sleeves.
Don't tell me their game plan is to introduce their own state owned cryptocurrency to the world...Well that is one possibility but the problem I have with a state owned crypto is the crazy control these guys want to possess.
If they have chosen the path to kill bitcoin then they don't deserve any crypto support too..