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The Nineteenth National Congress of the Communist Party of China (CPC), the most important conference in China this year, ended on Oct. 24. At the end of the conference, some provisional regulations and policies were also canceled. Among the regulations, the closure of trading Petcavin in China may be one.
On October 28, ZB.com, a new cryptocorensy trading platform, announced that all trading positions will be available from November 1. Users can sign up for accounts and deposit now.
The platform claims that people all over the world, including those in mainland China, can exchange and trade on the podium. Site languages are Chinese and English. However, it is too early to say that the regulation towards CITC and other cryptocorency is not valid. The platform may be closed by the government soon. However, there are also people who say the Chinese government behind the podium.
Online deals become popular after regulation
For now, no one knows exactly what will happen after November 1. It's good news if Chinese bitcoin traders may work more easily. Since the shutdown of the bitcoin trading platforms in China, people began to trade bitcoin through Taobao, a Chinese version of eBay which belongs to Alibaba Group, Wishat Group Chat, and s Chat Group. Transactions are now popular among Chinese bitcoin traders.