That's why peer 2 peer trading has been exploding lately -- the more regulations are being forced through, the larger the peer 2 peer market will become.
Especially in China. People are sick and tired of going through so much hassle where they kiss goodbye to their privacy with ridiculous things as video verification, regular re-verification procedures as laws change, etc. People will have to choose between 1) convenience of buying and selling through exchanges, but with the fact that there is no privacy, or 2) go P2P where your privacy is more or less untouched, but enjoy less convenience (and in some cases it might even be dangerous when you go face2face). It's up to the people to choose.
