- 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!
Finally. Yes this is damn fact but many crypto influencer keeps denying it and posting that it was just FUD to hype there followers to don't panic and keep buying instead of educating what's true and explain as you said above so that people will not panic. These shitty crypto influencer make things worst instead of helping the community in an organic way. The result was more FUD if people discover that news is indeed true that China is tightening there campaign against crypto.