China has lost a lot of its status since these withdrawals were suspended. Korea has shown a great appreciation of Bitcoin and cryptocurrency ever since.
For sure this is a good news to the Chinese traders and maybe we will see again the Chinese exchanges leading the market and the price again
For the moment they have a huge volume
As I have said, Chinese still wants to be relevant in trading but the Japanese has already surpasses them in terms of daily trading volumes. And Korea as well is making good progress as well, so its gonna be a good race for the 3 big Asians country to be the top bitcoin traders. This is good news to bitcoin ecosystem as we are going to new cash flow going into the market. I just hope that the Chinese don't pull the same practice they did with creating fake volumes to push the price of bitcoin up until PBoC caught up with them.
Yeah, indeed, bitcoin ecosystem needs such kind of competition, if we could call it, between these three countries and i hope that India and other countries which have a good potential to join the race.
For the Chinese exchanges i doubt that they will do that tricky practice again
