A New Era for Bitcoin in China Has Probably Arrived

When China issued a “Seven Regulatory Bodies” announcement two months ago, everyone thought that China had closed its gate for Bitcoin. However, a few optimists claimed that China might allow Bitcoin trading with some conditions in future. Obviously, no one knew that it is going to happen soon.

ZB.com which is a new cryptocurrency platform started serving sellers and buyers from all over the world including China on November 1. The new platform has become a significant trading platform with a lot of trading options such as BTC, ETH, LTC, ETC, and some other notable cryptocurrencies will be added in a few days.

Also Read, Papa John’s Now Accepts Bitcoin Payments

Another thing to mention here is that they also started accepting CNY as deposit option on November 8. Now, it means that the CNY trading market has been activated once again. However, it only allows CNY payments from credit and debit cards. Alipay and WeChatPay are currently not accepted.

It would be too soon to assume that China has allowed bitcoin trading, but it is interesting to know that they are taking an interest in regulating it instead of a ban. In short, it seems that a new era of Bitcoin has probably arrived in China.

Let us know your opinion on this in the comments.