The Chinese government banning crypto is a regular tradition that dates back to 2013. Every time they ban crypto the markets tend to panic… this video highlights all the various China FUD articles and crashes on the charts.
China has a large crypto community and they’ve contributed a ton of value to the space, yet their government continues to make things difficult for them. The majority of hashing power and mining equipment comes from the Chinese community and they’ve always been good at finding clever ways to circumvent restrictions.
Here’s a list of articles on the various “crypto bans” from China: