Another opportunity to buy cheap as bitcoin may touch $6000 before the next hardfork. Chinese regulatory authority has approved okcoin and Huobi as the cryptocurrency's exchangers, authorized by governments and btcc should close business https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/
I'm seeing the price almost touching $4300 now. But we still have to wait and see and not to get excited. There might be some lost in translation here and its much better to read the full transcript coming from the Chinese government.
Quote
Jinse states that Chinese cryptocurrency regulations were incorporated into the nation’s “General Principles of the Civil Law of the People’s Republic of China” legislation, which was voted on and passed on March 15th.
I think they have already imposed this when they allowed again the withdrawal after suspending them because of the "fake volume" transaction earlier this year. So I don't know what's been added or if there are revisions. Although this is a good development because bitcoin is already moving forward without China but it seems that what we really see in the first two weeks of September was really FUD concocted by some unscrupulous entities behind that want bitcoin to go down and buy it at cheap price.
