BTC China ,huobi.com ,okcoin and other Chinese bitcoin trading platforms have released self-discipline statement ,showing bitcoin difficult existence in Chianti .
Bitcoin trading amount of the 5 platforms covers 80% on Chinese market .Some platforms struggle to develop foreign market .
Since central bank of China expressed its attitude towards bitcoin at the end of 2013,bitcoin price decreases constantly .
At present ,bank accounts from BTC China ,huobi.com and okcoin are suspended .So Chinese bitcoin trading platforms only can be withdrew deposit .So the trading funds on platforms is less and less .In fact ,some media said on 27th March that central bank of China is ready to ban banks from providing service for bitcoin trading places.
With the policy ,the existing space of Chinese bitcoin platforms is decreasing .The united founder Dujun on huobi.com said ,compared with last month ,bitcoin price and trading amount decrease by 30%~40%.If the policy is more serious ,bitcoin price must decrease constantly .So to Chinese bitcoin platforms ,developing foreign markets is the best choice .
Bitcoin trade in China is banned gradually .In 2013,China becomes the most active bitcoin trading market on the global .Blockchain data shows that the highest bitcoin market value is 13.9 billion dollars on December ,2013.But now it is only 5.6billion dollars .
Though governments attack bitcoin ,many bitcoin investors don’t lose their confidence .Dujun said ,bitcoin doesn’t belong to China or America but the global .It still has its existing space .
Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
Source http://news.xinhuanet.com/fortune/2014-05/08/c_1110599987.htm?ADUIN=545522076&ADSESSION=1399590472&ADTAG=CLIENT.QQ.5311_.0&ADPUBNO=26327