It's such a disappointment. Because of this statement, everyone gave in to panic. Capitalization is falling. Many withdraw money from the altcoins. All courses of coins are red. Most likely, traders poured oil on the fire to make more money. But it looks like a panic.
The market was a bloodbath yesterday and it is already a common knowledge for traders to buy or even hoard coins during low times to gain more profit. There are only few opportunities like these that's why traders won't even try to miss it. Just like what I have said before, cryptocurrency is not for people with weak hands and hearts. If they can't even put up a risk at holding during low times and give in to panic and FUD, then they will ot succeed in the cryptoworld.
Anyway, about the article, although, some parts are facts and the other is somewhat lost in translation, no one can deny the fact that it had caused a major FUD among holders. No one can deny the power of the voice of media now. Still, it is just a bill, not a law, and even law has its limitation and exceptions.