A senior Chinese central banker says authorities will ban centralized trading of virtual currencies as well as individuals and businesses that provide related services.
Authorities will also block domestic and foreign websites and close mobile apps that provide centralized virtual currency trading services to Chinese users, and sanction platforms that provide virtual currency payment services.
So, bye-bye BTC in China.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/
https://www.bloomberg.com/news/articles/2018-01-15/china-is-said-to-escalate-crackdown-on-cryptocurrency-trading
https://www.reuters.com/article/us-china-bitcoin/pboc-official-says-chinas-centralized-virtual-currency-trade-needs-to-end-source-idUSKBN1F50FZ
Authorities will also block domestic and foreign websites and close mobile apps that provide centralized virtual currency trading services to Chinese users, and sanction platforms that provide virtual currency payment services.
So, bye-bye BTC in China.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/
https://www.bloomberg.com/news/articles/2018-01-15/china-is-said-to-escalate-crackdown-on-cryptocurrency-trading
https://www.reuters.com/article/us-china-bitcoin/pboc-official-says-chinas-centralized-virtual-currency-trade-needs-to-end-source-idUSKBN1F50FZ
BTC won't stop growing even if China doesn't trade but it will decrease the speed of growth of this bitcoin since Chinese traders play a huge role of whale in trading.
It will indirectly affect the price of bitcoin.
But I don't think most of the Chinese will stop trading because of this.