China rumoured to be shutting down crypto for longer than expected

The CEO of FunFair just got back from a tour around Asia promoting FunFair and a few minutes ago said:

asia trip was very enlightening. made good contacts. but one things for certain. china is shutting down cryptocurrencies and tokens in a big way. assume its out of the picture for awhile, and their shutdown of chinese crypto isnt over yet. expect more!

Obviously this is only a fucking rumour, so don't go full sperg mode but keep in mind that it is a possibility.

Hopefully more concrete news to follow.