It is likely that China is able to create its own cryptocurrency despite the fact that it is trying in every way to distance itself from bitcoin.
Look at how Bitmain works, it is an extremely cunning organization that somehow manipulates the market and the price of bitcoin itself.
Although the People’s Republic of China is doing everything possible to keep silent about it in the media and, as I have already said, it is as distant as possible from cryptocurrencies.
All this looks like a manipulation.
China is a very powerful country and is these days trying to become new super power of the world. It is already into all organizations that are controlling world in one way or another. We all know that they are communist and they want the government to control everything in their country and crypto is totally opposite to this. They like the idea of digital currencies but want to control them.