It has been clearly explained by China institution on Chinese TV yesterday. People are making it like if the WW 3 started. It is temporary China is not going to ban anything, China just wants to regulate ICO and ICO only. And it is something that you need to be used too, as I think more country will follow the same path
That's not what yesterday's statement from the National Internet Finance Association of China (NIFA) indicated. They are a national self-regulatory agency created by the PBOC. They stated that the next regulatory step is not only to emphasize the prohibition on ICOs, but to strengthen regulatory supervision of cryptocurrency exchanges. It's not clear from their statement whether exchanges would need to close while applying for the proper licenses. But it does seem clear that there is no intention to permanently shut down the exchanges.
See here: https://news.bitcoin.com/chinese-bitcoin-exchanges-may-face-stricter-regulation-and-licensure/
