After so many bad news and rumours circulating around in this forum. A well detailed news confirmed that bitcoin in China will be regulated and not be banned. It might be one of the reason of the bull run this few days now. It is a much waited response from all the uncertainty and doubts of how bitcoin will sustained its position on top of the market. Im still hoping for Chinese bitcoin community to be successful in theyre campaign to fight for a better regulated centralized cryptocurrency.
This maybe the reason that we are seeing a spike in the price lately. At least the Chinese bitcoin community has hope and something to hold at this very moment. If I'm a Chinese, I will be nervous as well. But this news will be very welcoming because they have at least live to see another day in trading.
I still doubt that this would be the last issue this Chinese government will implement, as long as they cant control even a fraction of the world bitcoin community they will never stop and never give up. They dont need such attention for the only purpose of regulating, theyre aiming something big and we must be vigilant about. It was not the first and certainly not the end that they will used to forced theyre relevance on Blockchain technology. They want to have it and make it theyre own. I hope im exaggerating but china is giving the signs.