I saw many posts regarding the recent China news or police raid fact. Nothing is real in that case? What's the thing Chinese Gov is going to do in next? Sometime, it seems to me that the Gov is with blockchain, sometimes, they aren't. Feeling confused.
Complete FUD.
Markets are bearish which is the primary reason for the drop in price. When markets are bearish they tend to see everything in a more negative light than usual, which explains the fact why markets moved so disproportionally to the magnitude of the news which actually isn't that great of a deal if you looked into it.
Exchanges in China were already driven out from 2 years ago after the ICO and mining bans. If you look at major chinese exchanges almost all have already relocated, so it's not like it's coming as a shock to anyone or anything like that.