April 29Th to 1st May is the Labors Holiday in China. On 2nd May, Chinese bitcoiners witnessed another milestone in Bitcoin history as Bitcoin reaches 10,320 yuan on btc38, the only exchange that still processes btc withdrawal with 7-15 days of delay. But rumor has it that the exchanges in the southern China will be facing tightening regulation starting in May. Bter, bitkan, btc38, chbtc and Bichuang might be affected.
The Chinese authorities very rigidly regulate all spheres of activity in their country bringing a good income. In this regard, Bitcoin is no exception. I have long suspected that there is strict control by the government.