I guess that China's government has a good laugh on this price evolution, it went much better than even their best scenarios.
It looks like all the Chinese exchanges will close. And they'll open again at some point. The history repeats itself over and over again.
I doubt their government will be able to cut the people from crypto markets.
Either they will allow regulated exchanges, or there will be huge black/grey market sooner or later, or international markets will be used, or a mix of those eventually.
I agree ,if one thing is sure if there is demand for something if you banned it a grey market appears,it is so old economy correlation .Because i am new what exactly this ban means , if there are decentralized peer to peer exchanges could they work in anyway,i do not know how the government of China could regulate peer to peer exchanges, as far as i understand the bitcoin in China is not illegal.
