Starting October 1st, China will regulate Bitcoin as "virtual property".
Okcoin and Huobi, who had their closure date extended to the 31st of October, will be the only two exchanges operational when this legislation comes into effect. This leads some to speculate that these will be the only two exchanges allowed to operate in China moving forward.
Looks like the Bitcoin ban was short lived. Expect a huge rally to occur when news gets around!
You can read the full article here: https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/
Please Upvote, Follow, and Resteem!