Forget the Chinese news journals, even mainstream world wide media reporting about a possible ban. When publications like Wall Street Journal and Bloomberg start talking about a ban, you have to take them seriously. I am not sure if the Chinese government will achieve its objectives, but it does seem to be trying to crush Bitcoin. The ICO ban was just the first step in a series of efforts.
So banning of exchangers is just possible? I'm so confused about all this news, too many talks on the forum and natives are saying that they just don't care and plan to hold their founds in any case.
They do this because they know "nobody" can confiscate your bitcoins. If you have sole possession of your private keys, you
can do with those bitcoins what you want. If those bitcoins are on some Bitcoin exchange, you will have some problems
getting it out, if a ban happens. The golden rule --> Do not store large amounts of bitcoins on third party services, where
you do not have access to the private keys.
*Bloomberg is a joke.... they are part of the problem.