Since the beginning of 2017 bitcoin traders have been focused on the ongoing developments between Chinas central bank and bitcoin exchanges residing within the country.
Over the past two months, withdrawals have been suspended across nearly every major Chinese bitcoin trading platform with no word on when suspensions will be lifted.
For now, over-the-counter markets and Localbitcoins trades are the only options for big cryptocurrency traders in China, while the entire world wonders when Chinese exchanges
will resume withdrawals.
When do you think chinese exchanges will resume withdrawals?
The people bank of china guidelines to major exchangers in china has to be adherents to, before resumption of withdrawal. The suspension has create the current market price of bitcoin we are seeing today. Immediately the withdrawal resume I expect the price to have a free drive to £1500.