Yes this is older news but I think it's good news. If a big country like China releases a crypto version of their currency, it's just a matter of time before other countries do it. Then we'll have the ability to convert between currencies in a snap. And when people look at the inflationary government cryptos they'll see the benefit of storing their wealth in currencies with lower inflation, including bitcoin. And competition between international currencies will pressure them to inflate less, and the ones that do inflate will tank in value, as it should. When they take this action their currencies will be subject to the free market rather than the controlled market that currently dominates. That will give the people a better deal. Love it!