Big Money Made in China as Bitcoin Traders Wait for Withdrawal Announcements

[jamie.redman1]

Since the beginning of 2017 bitcoin traders have been focused on the ongoing developments between China’s central bank and bitcoin exchanges residing within the country. Over the past two months, withdrawals have been suspended across nearly every major Chinese bitcoin trading platform with no word on when suspensions will be lifted.

A recent report has also detailed that young bitcoin traders in China have been making a lucrative living trading the decentralized cryptocurrency. For instance, Huai Yang, a 27-year old living in Beijing says he is making 1m yuan per month trading bitcoins. Yang has been involved with cryptocurrency for quite some time but has been trading bitcoin for a living over the past six months. “I want a more splendid life,” explains the Chinese bitcoin trader.

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