China has narrowly restricted the Bitcoin trade because of their difficulty in regulating investors and the difficulty of making this tax regulation on Bitcoin. While many parties are always giving bad news that investment in crypto currencies is very risky, because there is no legal party which guarantee behind.
But i still doubt about it, OKCoin as one of big exchanges where office in Hongkong, are still available accepting member for doing crypto trading.
Legal Implications that When a case is filed against Bitcoin, not the people transacting bitcoins, inside the jurisdiction, governments cannot be able to perform their legal obligation to the society. Governments are not able to tract payments in bitcoins. very much difficult for governments to audit transactions, and perform their obligations. so china banned bitcoin.