Is this a chinese exchange ?
I think At this moment, chinese exchange is too risky for trade
It's a chinese exchange, and it also got hacked a few years ago, so was struggling. Am not sure there were many people still trading there.
that is also what i first thought when i read the title by OP!
i used to trade on bter.com before they go t hacked but when they did, everything went to hell! they never paid me back apart from fake tokens which were untradeable and not-withdrawable. and whenever i checked their bitcoin price it was $50 or something as low as that.
they had many markets (altcoins,...) but i only saw 1 CNY market most active which may have even be fake volume.
saying this is because "Chinese new policy" is not right in my opinion. specially since last time they closed all exchanges, bter was still active.