Any attempt to impose their control in the field of crypto currency always ends badly.
Everybody has already seen what what sad results having this action in the regulation of cash flows on the banking sector.
And so the crypto currency was created as a decentralized asset.
With all due respect, what is happening in China now (I mean their laws and regulations with the control of the Internet and the financial sector) suggests that they are in deep crisis and we see the escape of investors from the Chinese market.
That is nonsense. China and Russia will be some of the first countries to put their currencies on the blockchain backed by gold to destroy the US Dollar as World Reserve Currency. They have more faith in decentralisation than the Western countries. The unipolar world order originates from the West, not the East. China is far more capitalistic than any Western country and yet people remain living forty years in the past and applying the concepts of that time to the present. Have you forgotten that Americans are not allowed to participate in ICOs? Is the United States of America now in a big crisis? Well....maybe they are.....they have vast external debt and a trade deficit of $580 billion dollars per year (and Saudi Arabia will soon enough announce that they will accept Yuan for their oil instead of only accepting US Dollars). China on the other hand has only internal debt. A similar situation applies to Russia. China and Russia have realised that to continue in the footsteps of the West on the path to hegemony is not a valid path at all and instead seek to introduce a multipolar world. Multipolarism implies decentralisation. It is a redistribution of power....a decentralisation.....a return to the respecting of national sovereignty.
China is cracking down on Western infiltration attempts in Hong-Kong and Macau. The world is not what you think it is. Western powers split North Korea and South Korea. Rumsfeld actually sat on board of the company that sold North Korea light water nuclear reactors only to then turn around and accuse North Korea of being a nuclear threat (even though he facilitated it himself). The North Korean threat is kept alive artificially, so that the USA and UK can control South Korea and Japan. After WWII the USA brought in Koreans and installed them as the leadership of the Yakuza to terrorise Japanese bankers and politicians in case they did not go along with the policies set forth by Western powers. All these countries were thus reduced to pathetic colonies under the guise of providing freedom. This has happened in many parts of the world. In South America currencies have been systematically destabilised, so that more US Dollars could be exported to the expense of those nations as they could not print money, whilst the USA has effectively stolen the wealth of the world for the last forty years and squandered all the savings of the world. Then again, at a higher level the USA is also but a colony of Venetian-Templar powers.