Bitcoin is not banned in China, but only Bitcoin exchange business is about to be banned(according to rumor). None of the Bitcoin exchanges in China has the licenses that should be required for order book exchange. Such law is older than Bitcoin. Some established China Bitcoin exchanges stop operation right now does not mean that they cannot open again once with license. If some Bitcoin exchange operates inside U.S. without licenses for years and later is asked to stop operating. Is it U.S banning Bitcoin?
Source:
https://twitter.com/JihanWu
