A Chinese journalist published a new article saying that China is banning ICOs and exchanges. The news was a Google translated article from a Chinese Journalist who claimed to have spoken to some official. Since there is no confirmation from a government official and no formal statement of any sort has been released, we can say that this news is possibly fake.
As we all know, the last time China banned Bitcoin, they took it back just a few months after.
However, this news might just be doing everyone a favor as this is probably the last time you can buy bitcoin at such levels.
Bitcoin will survive with or without China, they’ve changed their mind before and they can do it again.
News Credits: cointelegraph.com
Image Credits: bitcoinist.com