You've found a good comparison, choosing China and Estonia. Estonia is considered as one of the most progressive countries, since 2015 parliament elections where they offered 100% of their population to use Blockchain technology and a little more than 30% of their population did use electronic voting. At the same time, China is known for their massive restrictions with everything that is somehow related to Internet. However creating a local currency in Estonia breaks down not only EU banking mission but the main idea of cryptocurrency itself - decentralization.