China declares all crypto-related transactions illegal and forbids overseas exchanges from serving its citizens.
Yes and again water is wet so what is new there, China just use this same old trick and news to manipulate the market when they want to get into the market. Did they not ban it in 2017 so what is different now. China needs to realize the market is bigger than them and their stuns would not work this time.
The market is now more mature and even though there'll be a short teem panicking, that would not last long. The market always recover and trade at a more higher price, this time would not be any different.