At present, Chinas domestic virtual currency trading platforms lack the relevant legal license, which leads to the virtual currency trading platforms free from the existing regulatory system. In fact, there is a huge business risk.
Money Laundering & Pyramid Schemes
Darknet Transactions
Lack of Licensing
Market Manipulation & Security Concerns
Opinions please.
https://news.bitcoin.com/expert-reasons-chinese-regulators-shut-down-bitcoin-exchanges/