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If this things will happen, it will not affect that much with Ethereum. There are some countries that will continue to support and believe in Ethereum. I am working for a public chain based company in China. From what I know and observed these day since the initial ban of ICO, gov. I wouldn't say it is a complete ban on cryptocurrencies but a period kick out private companies like us.
Goverment organizations or gov. As an expected result, one primary currency will be listed under Chinese goverment control and rest of altcoins will be listed follow securities law. Let's see if the ban will last long I do believe they are just trying to reduce money going out of China and will work for a regulation that would destimulate such conduct.
It can hardly be done but i think china won't really ban something they can reap fruits from. Even now they're trying to find a way to regulate btc which means they're not really keen on banning it Although China is banned it will not affect other countries because Ethereum is widespread and occurs in almost all countries so in my opinion it will not be a problem, and crypto world will grow faster.
Whether this speculation are true, i hope its not, it only show that china is still not yet satisfied on the result after the action they make last time. Serious money is at stake i think Bitmain will not surely leave without a fight.
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