Bitcoin trading isn't mainstream in China. The CCP has pretty much banned bitcoin mining and isn't very thrilled about their people having anything to do with BTC. They want them to use their centrally issued CBDC so that they can keep track of every single payment and embark on to a perfect, utopian society where everyone only takes and spends what they need. For the benefit of the society, you know.
The country that doesn't allow you to be socially interacting with eachother and have put bans on social media platforms and media is also central owned which always applause the government and people fear to speak against them how come they can make usage of decentralised crypto bitcoin freely trade in the country? The CCP is full authority over china and kind of dictator democracy is prevailing there like you can speak but no one listens or cares.But what impact does china have over bitcoin? Nill according to me as miners movement across the shores and hashrate recovery is the sign for it.Every country has it's own perspective of regulating bitcoin and they are trying to compete with some CDBC which have no utility like other shitcoins so bitcoin is going to be above all this.
