IMO it's about time the world had a genuine international currency that isn't reliant on a specific state or its economics. As far as I'm aware the new regulation in China is about uncontrolled and fraudulent IPO's/ICO's. Given that their economy is driven by bribes (Oops sorry gifts. If you are planning on doing business there you need to give a lot of people gifts) they'll soon find a new way round the new regulations. Just like they'll still be secretly trading with North Korea despite the sanctions (or more accurately because of them).