Legal Notice: I am not a lawyer, nor am I any sort of legal council for anyone.
- There is a ban on the sale and purchase of cryptocurrencies on exchanges and in person. Source (WSJ)
- There is a large amount of money and hashpower based in China, so there is economic incentive to not completely ban the currency.
- Exchanges will be blocked
- Trusted Sources close to the Chinese Government may allow for licensing of exchanges and coins. Source (CryptoCoin & CNNews)
Below is some information that is being speculated by a large amount of the cryptocurrency community.
- China will create it’s own currency
- Licensing will require backdoors
This is not an exhaustive list, comment what you want added with a source if applicable.