- title describes the situation as "FUD"
- content says everything has become illegal

Contradiction much?
I don't understand this addiction to call everything FUD.

No, it's a damn FACT! It's as real as it can get, the PBOC has issued this notice which as fucked as it might be in China has the same power as the real law issued by the parliament in other states, and unless anything changes yes, cryptocurrency have become nearly illegal, the only thing not punishable is possession.

But!
Nobody cares about it anymore, I've been saying for years that after the fake volume exchanges have fled the country with their bogus numbers, China accounted only for mining and mining gear manufacturing (although the chips are made in Taiwan), nothing else.

So, no, it's not FUD, it's pretty real but nobody should give a damn about it, and the markets say the same thing!