China and Banks wants full control and this is not even a secret anymore. Why do you think governments wants to get rid of
cash? They cannot track and monitor all cash transactions, but they can track "regulated" transactions within a framework
where Crypto currency users are linked to their wallets. So their answer is to enforce KYC/AML regulations on Bitcoin
exchanges. People still find ways to bypass these regulations, like they did with every other technology where governments
want to monitor and control them.