Following the announcement of the Chinese government to ban Bitcoin;
Huobi.com has issued the most tragic announcement to clear all Chinese users.
Will Binance and OKcoin issue the same notification next?
So will it be followed by the cruelest process of suppressing the price of Bitcoin?
Will this be like the end for Chinese cryptocurrency traders? Guess not. I believe that there are other exchanges that you don't need KYCs for to start trading and I do some worth understand that along with these changes, traders can also use VPN. Anyways, I feel for them because their government is trying to cut them off crypto but if it will bring calmness to the crypto space, I guess that's what it is.
Could be, by there is a huge risk involved by using VPN or something to circumvent that ban.
I guess it's better for Chinese traders to get out of country if they can and then move to a country wherein crypto trading is not being ban. The price has been affected already, we are are in the $41k'ish, however, no need to worry about this news, when everything settles down, we will bounce back from this news. Just sad that one of the biggest market is being controlled by their government.