Will the mining gear companies be next?
I'm still thinking that mining business would be next. If they found out that anything that's very suspicious about who's behind the big mining farm or mining hardware industry, the hammer ban would follow. However, Charlie Lee, tweeted that mining farm or mining hardware would not be the target as of now. So let's see how will this evolved.
Do you remember some time ago when we had a trading blockade set by their government on Chinese exchanges?
At that time people's funds were frozen and withdrawing money has been stopped temporarily.
From what I read since that time, Chinese traders and crypto enthusiasts moved from exchange trading to p2p trading.
Most of them found Chinese exchanges to be a not reliable way to conduct trading operations anyway.
Yes, it's around Feb-March this year when PBoC stops the withdrawing of funds because they have doing investigation on the 0 fee and the fake volumes they are doing. So its not reliable, because the volumes are inflated artificially and they have found guilty and given a tighter regulations because of it.