China's big concern is capital flight. They can't fully control crypto currencies and tokens and that's also one of the reasons they hate and have banned VPNs - to prevent people circumventing state control and censorship of net content and traffic. Digital currency is inevitable - that's been acknowledged for years - it's just that nobody knew how best it could be implemented without completely undermining fiat and the whole concept of the monetisation of debt. The advent of BTC, and to a wider degree the explosion of blockchain technologies, changed the rules of the game. The Chinese government is merely acknowledging that day is indeed not night and are merely making an acknowledgement of reality because at the end of the day they are supremely pragmatic - however the major caveat is that whatever digital currency they "impose" on their population will be strictly state regulated, governed and completely centralised in application. That's what they'll be working on - the best means of controlling any future state sponsored crypto currency....
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