That's what I heard. If anything, Russia is pressing ahead with a legal framework for crypto and ICO's which is a good thing. Moscow Stock Exchange and Gazprom bank recently partnered with Waves Platform which is a major ICO platform among other things.

The worlds first fully regulated ICO was launched in Canada - Impak Coin.

Also, the Chinese 'news' originated from one news outlet via an unnamed source. It was enough to make Chinese Exchanges nervous, hence the market reaction. However, in all likelyhood, the Chinese will go the route of Canada and Russia and develop a robust legal framework for ICO's - or they will lose a great deal of traction moving forward.