Don't think too much about the bad news from China. Always, there are positive news for Crypto instead negative news. This is from Belarus, their government says Cryptocurrency activities will be legal and tax Free in Belarus Starting in March. wow not only legal but also tax free .. 
https://news.bitcoin.com/cryptocurrencies-activities-legal-tax-free-belarus-starting-march/
https://news.bitcoin.com/cryptocurrencies-activities-legal-tax-free-belarus-starting-march/
I wonder how many countries have allowed or legalized the use of Bitcoin or any other Cryptocurrency? As far as I know, only Japan has fully legalized the use of it. While US and UK have been open but still regulate the use of it.