Another wave of Bitcoin FUD is coming from China as the Chinese central bank claimed that local state agencies have improved tools to fight against crypto transactions more effectively.
The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.
The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption in China, including promoting stronger inter-departmental coordination in cracking down crypto activity.
https://cointelegraph.com/news/chinese-regulators-unite-forces-to-crack-down-on-cryptoCan this negatively affect the price of Bitcoin or has the market already reacted to it because it is old news?
Old news like this shouldn't be put into a very serious things, some frustrated investors just did it for deceptions. They're trying to fool other new comers and sprouted FUD in order to threaten them not to buy bitcoin.
Unfortunately it ended up a mess, since everyone was doing a fact checks and found out old news kept on spreading without any legit information as support.
I would rather recommend, ignoring this type of non sense just to avoid possible panic or demotivations.