China issues a decision that destroys the short-term future of cryptocurrencies

China 🇨🇳: There is talk of a new total ban that could even include individual ownership of cryptocurrencies, leading to selling pressure and fear.

News 📰: Reports are discussing a new Chinese ban that could include individual ownership of cryptocurrencies and their storage, representing a significant escalation from the previous ban on trading and mining.

Credibility ✅️: There are doubts (such as those from Forbes) that this is simply a tightening of current laws against the use of cryptocurrencies as currency and money laundering, rather than a new ban on ownership.

Impact: If the ban on ownership is confirmed, it will force millions in China to sell, which could cause a collapse in prices and an increase in panic globally. Even rumors harm the market.

Context: The aim could be to promote the digital yuan and financial control, contrasting with Hong Kong's regulatory approach.

Summary: The Chinese threat is serious in the short term due to the size of the market and the impact of news (even if they are rumors) on global investor sentiment.