Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.
This is available for the owners of small amounts of cryptocurrency, but for the big bosses who has a big pice of pie, they are not affected, they can simply move with theyr business from China to India for example, or Vietnam. Time will tell what will become China in this cryptoworld. Cans such a gigantic country like China become a small one in cryptoworld?