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?
I think Chinese exchangers will resume withdrawals depend on decision of government
we don't know when is happen because still there are not announcement
but if it happen becoming good news for bitcoin at China
so gives them time to make desicion and discussion about it.
I do not believe so. The People's Bank of China will keep extending the ban on withdrawals until the exchanges themselves will voluntary close because of the lack of users and profit.
Check the prices of Bitcoin in the top Chinese exchanges. They are among the lowest now. Before the ban they were the ones pumping the price.