What will happen to the china based cryptos ?
I think Chinese government did not shut down permanently , they just want to make policy against bitcoin in order to protect people from money laundry etc
I'm sure that Chinese exchanger can be operated once again in the future but with restrict term that have been apply by government
I also think the ban is only temporary. They will re-open ICO and exchanges once they have finished the regulations.
If not, china based cryptos will only move to another place without a doubt