Quote from: RawDog on September 15, 2017, 10:09:48 AM

So BTCC and ViaBTC https://twitter.com/ViaBTC/status/908576610059776000 are officially closing. All the others will too in the next week. But guess what?! Bitcoin is not banned in China!!! Not at all. We will soon learn about NEW bitcoin exchanges in China. In about 1 or two weeks, the major banks and maybe even the PBOC will open their own 'licensed' bitcoin exchanges. This is just how the Chinese government fucks the original guy who made exchanges profitable and takes over. First, make their life miserable until they quit, then make the laws more friendly for the new banks (who are owned by the cousins of the govmt officials). Bye, bye Bobbie Lee! Time to get out of China and let the governor's cousin take over for you.

Corrupt as fuck!!!

I think you got some valid point here, China is not fully a communist country and there is lots of corruption just like here in Nepal.
We might see new licensed bitcoin trading platform but the one who will be holding those license will be relatives of government officials or politicians just like how stock and commodities market here in Nepal is fully dominated by politicians and their guys.