Two months ago, when the authorities of financial regulation in china have announced the end of the ICO, and put an end to the trade of Bitcoin, the world has believed that the doors of China were definitely closed for crypto-currencies. Although some optimists argue that the chinese government could allow the trade of Bitcoin in certain circumstances in the future, nobody foresaw that this day would come this soon.
The market CNY is back
On the 1st of November, ZB.com a new trading platform for crypto-currencies, has begun to serve sellers and buyers all over the world, including those in mainland China. ZB.com has become a trading platform important for the exchange of BTC, LTC, ETH and ETC. Since this morning, you know that the platform has begun to accept the CNY exclusively for deposit transactions. In other words, the trading market CNY, which has been closed for the regulatory authorities, start now to work. It is important to note, however, that the platform accepts only credit cards and debit cards for the deposit of CNY. However, : Pay, and Alipays not yet been accepted.
Is this the sign of a new era of Bitcoin in China ?
Although it is still too early to say that the trade of Bitcoin has again been authorized by the chinese government, it is highly likely that the government, instead of banning the Bitcoin, and other crypto-currencies, is more concerned to regulate the market and supervise the trading. Whether we like it or not, a new golden age of Bitcoin in China approach, and the regulations could play a more important role now.
Source : Cointelegraph