I really don't believed anything that's coming from China now. They are all fake and unverified reports. And there's another news that PBoC is already sending emails to media outlets about the banning but they quickly says that they didn't do that as well.

That's why I urge everyone not to take any news from them seriously. It looks like they are just trying to downplay what bitcoin has been established. We have somewhat recovered, but FUD like this will really take a impact to the ecosystem. Investors now is at the edge and a simple news will make then decided to sell off everything.