Yep, the impact is arguably a negative one, but what should we have expected really? These exchanges are an abomination to the decentralized world of crypto. The sooner we get rid of them the better. The governments have found crypto's weakspot, its Achilles heel, and now they will stick into it with full force until it dies in agony. Full-fledged decentralized exchanges have now become a vital necessity, a must-have, without which crypto may not be able to survive.
Based on the number of investors that come up South Korea have a greater influence rather than China, so they have something that affects the current value of bitcoin now due to an argument that still exists in their country, as to people their not totally ban they were just assuring that every people will pay taxes properly when they have profit that comes from cryptocurrency.