I knew it! I've been hearing a few rumors about Chinese exchanges coming back in the future. This is definitely good news, whether or not the legalization will be this year or not. I'm expecting a price as soon as exchanges open back again. Looks like the bull is here to stay for a while.
It is really a very good news in as much as cryptocurrency has done so well without them and will keep doing much more well without them.
China is just one country in the whole global puzzle and they cannot just think they can have a huge control on bitcoin which I am very much happy the recent incident happened and showed them that. However, this would really cause a bullish trend as it starts becoming obvious that bitcoin is here to stay.