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.
Government can not stop bitcoin so do not be worry. Government only make the regulation to make investors are not invest in bitcoin. Bitcoin not only used in china but in around the world so bitcoin will be fine.