The news has become more and more clear that China will not tolerate exchanges.
This is alarming to the bitcoin community because we have long awaited for official government push back. Really it was just a matter of time.
It would have been better to have a smaller country that is less involved than China push back initially.
In past, where china got 90% traffic of Bitcoin trade (it turns out it was fake traffic) this message would scare people, but now?
I don't get it why its so important.
China FUD is cool. It tanked BTC to $3k which is a great buy price.