Report from Yicai confirms the rumors
China isn't trying to shut down Bitcoin but they don't want trading on exchanges. They have warned and hinted this was coming for weeks and earlier today, exchange BTC China said it would stop all trading on September 30.
At one point, China was responsible for 80% of Bitcoin trading. That's fallen to around 20-30% but the drop since early September shows you what kind of effect governments can have on the price of Bitcoin.
If you're a Bitcoin trader in the year ahead -- especially a short-term trader -- you're basically a bettor on regulation headlines.
