China is all set to launch its own crypto currency for more than 1 billion of its population how will it effect the crypto market ?
Only citizen's of China will benefit to it and I don't think it can be used outside the country or used for trading. If it can't be used globally then it won't affect the crypto market. Their own cryptocurrency is centralized just like facebook's libra coin so ethereum and bitcoin will still remain the top cryptocurrencies for me.
More info about China's own crypto currency here: https://www.forbes.com/sites/rogerhuang/2019/08/14/chinas-digital-currency-is-unlikely-to-be-a-cryptocurrency/#3fcfdd036a52