China declares all crypto-related transactions illegal and forbids overseas exchanges from serving its citizens.
No, the news is not completely true, I have a friend majority chinese, he knows more than me about crypto especially Bitcoin, I asked him about this situation in china, he told me, to hell with that rule, for now he can still do crypto buy/sell transactions either overseas or in china, bullshit.
I believe my friend, the news about China doing illegal crypto rules is only exaggerated by the public, for sure it's all bullshit, what actually happened was not like what was in the news, just wait for Bitcoin to reach the level of $100k, misleading trick, all the public are fooled by chinese rule.