The statement that is circulating the internet these days is "China banned bitcoin" and "Cryptocurrency is illegal in China" both of which are lies hence they are FUD.
I sometimes wonder how many lies are said in the internet news. For example, I didn't know that; I was convinced that China banned it completely. I knew they had done this before, like 7 times, but I felt they indeed illegalized it.
But, now you're telling me that they've made illegal
buying Bitcoin, not
using Bitcoin. This changes the fact completely.
Also, isn't the Chinese government the one holding the most bitcoins? Why do they keep banning it? Unless, that's a lie too.