Only now that bitcoin is so popular and the price rose so high, China has the audacity to accept btc as it is. Way back when btc is just 100 times cheaper, they just can't accept btc in their country. They were influential back then but now, I think any news from them are just ordinary and can't influence the market.
But let me clear it, I am happy with China's decision.
China again is a hub of Bitcoin news. I see many times when Bitcoin tops up, China have news for bitcoin, regulations, restrictions, bans, shut down or take over of mining factories.
That too, we also don't know if the source is a credible one and we know that China is suppressing information about them so we can't be entirely sure. If that is the case then too bad for the people because they can't enjoy the benefits that bitcoin provides.
If you know the domination of bitcoin owners now are in Western hands, not in China you will not be panic with the news.
Bitcoin restrictions in China were faked and the Xi pump in 2019 is not enough?
The insitutional investments in 2020 and this year from Western nations are not enough?
Time to forget and release your fear of negative news from China.