Wait a second.
Is this just the chinese version of the senate hearings, with almost the same (positiv) outcome but with none getting it because of google-translate-FU?
No it's not, but keep trying to fool yourself.
Please tell me, with complete 100% clarity (not just bullish hyperbole), why this is bad news for bitcoin.
I'm going to bet that you won't be able to do that.
I could sit and cite examples for you and give you an essay but I only do that for my self mate, how about you go do your own research. I'm not doing the hard work for you. If you cant see the wood for the tree's then hell mend you.