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It is April 15th and The Chinese Bitcoin Doomsday is Postponed for Now

15 Apr


The dreaded April 15th is here and instead of crashing even further the Bitcoin exchange rate is slowly starting to recover and may soon reach back the level of about $600 USD if things keep up going good. The PBOC did not come out and officially say that they ban Bticoin and other cryptocurrencies (at least for now) and the Chinese exchanges are working on alternative ways to enable their customers to continue trading with Chinese Yuans for crypto currencies. This does not mean that the Chinese will not try further to regulate crypto currency trading, but at least this crysis may be over for a while, or at least we hope so.

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