China did NOT ban institutions/firms from crypto payments. This FUD news is misleading and wrong!

They didn't and can't ban anything. Those associations just issued a document, basically giving their own opinion. This FUD news is misleading and translated incorrectly.

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Read (or translate) #2 there: https://mp.weixin.qq.com/s/Zpl0MWesUp2E8R23fNJf_g

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Don't fall for this trap. Funny how people panic sell BTC when this yearly China FUD pops up. Funny how BTC also pumps after this FUD.