Big News From China

[piloder]

https://www.huobi.com/ (based in China)
https://www.huobi.pro (based in Hong kong)

I think huobi will now also allow international traders to trade with them, what is the legal status of bitcoin and bitcoin trading in Hong Kong?

Chinese still can't put their money in bitcoin because there is no any trading platform that have btc-cny pair.

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[squatter]

Big news from china🔼

https://www.huobi.pro/zh-cn/notice_detail/?id=651. Huobi, one of the biggest crypto exchange in China, will resume its operation at 12:00, 26th, October (China Time)

We are excited to announce that Huobi Pro will support Tether(USDT) trading pairs. USDT deposit and withdrawal is available from 18:00 October 24th,2017(GMT+8). And BTC/USDT and ETH/USDT trading will start at 12:00 October 26th,2017(GMT+8).

Very good news! However I wonder why there is no BTC/CNY? I think they are playing it safe for the moment as PBoC is worried about capital flowing out of the country.

There is no BTC/CNY because nothing has changed about the situation. China-based exchanges are still in wind-down mode if they haven't shut down already. Domestic order book exchanges are prohibited (at least until a licensing regime emerges -- unconfirmed).

The .pro is not based in China. It's a Hong Kong exchange (like Bitfinex is or once was). OKEX (Okcoin's international exchange) and BTCC similarly are Hong Kong companies. They can't easily interface with CNY -- at least not openly and transparently.

That they are accepting USDT means they are pretty desperate for trading fees amidst the crackdown.

[suzanne5223]

This is great news but how sure are you because what I read acouple of days back is that the Chinese government banned cryptocurrency exchange in their territory. Is there anything which cause the change of heart?

[handsum242]

I expect that this will have a good impact on cryptos markets in general

[Denker]

This news is not really related directly to China as was already mentioned here a few times now.
And when you guys read the current interview with Bobbly Lee, well things don't sound that optimistic to be honest.

http://www.ibtimes.co.uk/btcc-chief-bobby-lee-discusses-china-bitcoin-ban-1644777

https://www.bitsonline.com/china-deliberately-crashed-bitcoin-lee/

[iamTom123]

What a surprise!!! Not. This was to be expected, and to be honest, I find this to be fitting more in the bad news category. It was nice for once to not have China be part of the market, and now they slowly make a come back, regardless of the form, it's pure shit. The market has shown to be perfectly fine without Chinese exchanges being around, and for that reason, I would have liked them to stay away at least till next year, but it is what it is. I just hope that people for once take distance from that country, because they contribute to nothing but problems due to their paranoid government. I already wonder what they are going to pull once the market reaches another all time high in the coming weeks/months.

I fully agree with you and as far as China is concerned we have the same assessment. I am based in Asia too and though China is now known here as a helpful and generous government we know that deep inside it has its own agenda of controlling a big part of the world whatever it takes.

The Bitcoin community can be better if the China market is not open for cryptocurrency anymore. We have seen how resilient Bitcoin has become after all the bad news that slowly trickled into the market last month. And though it can prop up the market, the long-term effect may not always be that good because the Chinese government has a different mindset and they feel that they can do anything they want even just whispering words to the concerns (no law needed in many cases).

It should be noted though that even if Bitcoin exchanges were closed in China, the money still find its way to Bitcoin as many of them just shifted to Hong Kong. let us just hope that this time around China will not be anymore the big source of many big headaches and problems. They should behave well otherwise it would be us who will kick them out.

[radjie]

That's what i was expecting after the ban over the cryptocurrencies by china few days back. China failed to defeat the cryptos, they have now realized that they have made a big mistake. Now bitcoin and cryptos are  ready to achieve new heights of success.

china is always making new innovations in the form of digital currency other than bitcoin, they hope that the population switch to digital currency that will be created by the country it, therefore there is a regulation limiting the use of digital currency in the form of bitcoin,but unfortunately it is not affect the price of bitcoin in the market will weaken, but instead after the ban made by the state of China about the use of bitcoin, bitcoin prices are increasing because the largest exchange of bitcoin not only in China,but there are other countries that have a larger exchange exchanges of china .

[ipanks]

Big news from china🔼

https://www.huobi.pro/zh-cn/notice_detail/?id=651. Huobi, one of the biggest crypto exchange in China, will resume its operation at 12:00, 26th, October (China Time)

We are excited to announce that Huobi Pro will support Tether(USDT) trading pairs. USDT deposit and withdrawal is available from 18:00 October 24th,2017(GMT+8). And BTC/USDT and ETH/USDT trading will start at 12:00 October 26th,2017(GMT+8).

finally huoby want to continue to supporting crypto currency again and this will bring a good effect to bitcoin user because we know that many big whales in china that still hold many bitcoin. i am glad to know that finally huobi announce to support tether so we can trying to trade btc pair usdt in huobi. i think soon the crypto currency world will be growth more fast again because china especially huobi don't want to lose the opportunity.

[TastyChillySauce00]

So finally, all those mess created by china has now ended and an exchange starting to operate, other exchanges will seem to follow huobi, they just preparing to fulfill the requirement china government made in order to keep continuing their services.
Just lately people are spreading that all these exchanges were banned by china but see now, it's all wrong.

[Givebirth]

Big news from china🔼

https://www.huobi.pro/zh-cn/notice_detail/?id=651. Huobi, one of the biggest crypto exchange in China, will resume its operation at 12:00, 26th, October (China Time)

We are excited to announce that Huobi Pro will support Tether(USDT) trading pairs. USDT deposit and withdrawal is available from 18:00 October 24th,2017(GMT+8). And BTC/USDT and ETH/USDT trading will start at 12:00 October 26th,2017(GMT+8).

Wow big suprise from china that's one of the biggest exchange in china right. I hope all other exchanges company that close before will resume its operation too. I hope this will start the new beginning in trading industry.

[eagleman]

Big news from china🔼

https://www.huobi.pro/zh-cn/notice_detail/?id=651. Huobi, one of the biggest crypto exchange in China, will resume its operation at 12:00, 26th, October (China Time)

We are excited to announce that Huobi Pro will support Tether(USDT) trading pairs. USDT deposit and withdrawal is available from 18:00 October 24th,2017(GMT+8). And BTC/USDT and ETH/USDT trading will start at 12:00 October 26th,2017(GMT+8).

I knew it that they will come back again with their operations. I thought they will migrate to nearby countries and will continue it's operation that way. Anything that goes for this type of business there's no one that can stop it even the Chinese government when same interests are applied for the company and also for the Chinese government. Other exchanges will be wild again and will announce the same thing. And now, let's expect bitcoin's price up to the moon again.

[btc-facebook]

I can see why bitcoin still not dump when BTG already forked , let's compare when BCH occured !
If China able to use bitcoin , it will boost bitcoin even more so I guess bitcoin will reach another highest record on the end of December

[tee-rex]

Big news from china

https://www.huobi.pro/zh-cn/notice_detail/?id=651. Huobi, one of the biggest crypto exchange in China, will resume its operation at 12:00, 26th, October (China Time)

We are excited to announce that Huobi Pro will support Tether(USDT) trading pairs. USDT deposit and withdrawal is available from 18:00 October 24th,2017(GMT+8). And BTC/USDT and ETH/USDT trading will start at 12:00 October 26th,2017(GMT+8).

I knew it that they will come back again with their operations. I thought they will migrate to nearby countries and will continue it's operation that way. Anything that goes for this type of business there's no one that can stop it even the Chinese government when same interests are applied for the company and also for the Chinese government. Other exchanges will be wild again and will announce the same thing. And now, let's expect bitcoin's price up to the moon again.

If my memory serves me right, ViaBTC was going to move their exchange operations to Hong-Kong, though I don't know if they actually moved there or, if not, whether they are still going to change the country of their business. Does anyone know what's become of that? At large, the politics and decisions of the Chinese authorities seem to be very unpredictable and controversial, mildly speaking. But as I said before, they influence Bitcoin less and less each time the Chinese government comes up with something new.

[Best Dreams]

Big news from china🔼

https://www.huobi.pro/zh-cn/notice_detail/?id=651. Huobi, one of the biggest crypto exchange in China, will resume its operation at 12:00, 26th, October (China Time)

We are excited to announce that Huobi Pro will support Tether(USDT) trading pairs. USDT deposit and withdrawal is available from 18:00 October 24th,2017(GMT+8). And BTC/USDT and ETH/USDT trading will start at 12:00 October 26th,2017(GMT+8).

Well every one where expiating this news from china because china also realized that world is going to accept bitcoin and they are taking a advantage of it so they also plan back to allow bitcoin once again in china and as bitcoin get in to china than bitcoin will be the king of all crypto in world and after that all the rest of countries will also accept bitcoin fast.

[Kemarit]

It doesn't changed the fact that eventhough is going back to its operation, there will be no BTC/CNY because the Chinese government says no already. So there's no development here. And I don't think it can greatly impact the price today. We have been moving already without them so let it be. I think they have made their decision to ban bitcoin or at least regulate it. They felt threaten by it (Yuan), that's why they made a sudden U-turn against bitcoin and crypto's.

They can't really control bitcoin and their citizens although enjoying the benefits of having bitcoin with them, have no choice but to follow the government's details. And again, they are  the victims here not, the market, not the ecosystem, but them who learn to love bitcoin but was crashed with the government decided against it.

[hello_good_sir]

Big news from china🔼

https://www.huobi.pro/zh-cn/notice_detail/?id=651. Huobi, one of the biggest crypto exchange in China, will resume its operation at 12:00, 26th, October (China Time)

We are excited to announce that Huobi Pro will support Tether(USDT) trading pairs. USDT deposit and withdrawal is available from 18:00 October 24th,2017(GMT+8). And BTC/USDT and ETH/USDT trading will start at 12:00 October 26th,2017(GMT+8).

Huge news here.

After the shut down of BTCChina i think that the Chinese buyers are still a bit shell shocked and to see one of the most popular exchanges in China to open up again must be a relief for them. With this relief will come more bitcoin buyers for sure.

Do not estimate the power of Chinese buyers, when huobi is back price could easily rise by $1k.

[-Sinner-]

i missed this news, thought this exchanger had gone. Very good news!

[eagleman]

Big news from china

https://www.huobi.pro/zh-cn/notice_detail/?id=651. Huobi, one of the biggest crypto exchange in China, will resume its operation at 12:00, 26th, October (China Time)

We are excited to announce that Huobi Pro will support Tether(USDT) trading pairs. USDT deposit and withdrawal is available from 18:00 October 24th,2017(GMT+8). And BTC/USDT and ETH/USDT trading will start at 12:00 October 26th,2017(GMT+8).

I knew it that they will come back again with their operations. I thought they will migrate to nearby countries and will continue it's operation that way. Anything that goes for this type of business there's no one that can stop it even the Chinese government when same interests are applied for the company and also for the Chinese government. Other exchanges will be wild again and will announce the same thing. And now, let's expect bitcoin's price up to the moon again.

If my memory serves me right, ViaBTC was going to move their exchange operations to Hong-Kong, though I don't know if they actually moved there or, if not, whether they are still going to change the country of their business. Does anyone know what's become of that? At large, the politics and decisions of the Chinese authorities seem to be very unpredictable and controversial, mildly speaking. But as I said before, they influence Bitcoin less and less each time the Chinese government comes up with something new.

I don't have also any news about their migration to Hongkong. But I guess there's no need to do it so because there's an indication now that they can now start operating again with any Chinese region. We can't really get any reliable source on what's happening to China and it's businesses regarding bitcoin and to be specific with their exchanges. I'm only waiting now for any cryptonews website to publish an article regarding this comeback from China.

[Eternu]

I am not from China so I do not use sites from that country. But i can say that China play big role in Bitcoin world. Bitcoin price and market are connected to China, because there are a lot of users and miners in it. We all know what happened to market and Bitcoin price when China announced that they will ban Bitcoin local and ICO. So I guess that this is good news for cryptocurrency world.

[tscen]

I am not from China so I do not use sites from that country. But i can say that China play big role in Bitcoin world. Bitcoin price and market are connected to China, because there are a lot of users and miners in it. We all know what happened to market and Bitcoin price when China announced that they will ban Bitcoin local and ICO. So I guess that this is good news for cryptocurrency world.

No it is not. you have been fooled by the op. read this:

"Big News From China" is spreading false information, Exchangers are banned !
https://bitcointalk.org/index.php?topic=2320265.0