As some crypto experts such as Clif High, Bix Weir, Teeka Tiwari of The Palm Beach Confidential and many others have already predicted it is very possible that the Chinese can trade again with bitcoin and other cryptocurrencies in a short time as soon as the authorities regulate this market to avoid scams.
Info:
https://cointelegraph.com/news/chinese-might-be-able-to-trade-bitcoin-again-soon It seems quite clear that the Chinese government wants to harmonize not to lose its privileged position in the cryptocurrency market and at the same time regulate it.
If this forecast is confirmed soon, it could mean a strong boost for Bitcoin and even more for other cryptocurrencies such as Neo or OmiseGo.
Do you think that this will happen as soon as it is predicted or will we still have to wait a few more months? Or do you think that this will never happen or at least not so easy?
I have a feeling that it's not going to be easy for these traders to trade their precious bitcoins. The government will MOST LIKELY tax every transaction they have. Meaning even if they trade or just move their assets from one wallet to another, the government will tax the hell out of their bitcoins. The logic here is that "to prevent scams" but all they do is take most of the slice of their cakes.