After bans on exchanges and initial coin offerings, bitcoin miners fear they are next
Why worry? FUDs are made to make investors panic and sell their stocks so that those whales can buy bitcoin in lower prices. Hopefully nothing serious happen in cryptocurrency in china, as it was a huge contributor to cryptocurrency all over the world.
China is really aggressive taking down crypto currency and they can force it to their citizen because they are just pretending to be a democratic country but in reality they are still in a dictatorship.
We do not know the real motive of the Chinese Government, as of now the reports would suggest that they just want to avoid fraud and social unrest. I do not know if this is true but I think regulation will be better than totally banning it.