According to the Chinese media outlet Jinse.com,
The laws on the use of digital currencies in China will come into effect as of October 1, 2017.
According to the news, digital currencies will be released in China. It is claimed that it will be treated as “virtual property” under the laws of. Chinese professor Deng Jianpeng stated that Bitcoin and other digital currencies can be called virtual assets.
The report also noted that regulators never talked about banning Bitcoin, and the government did not consider Bitcoin itself a problem. sustainable
Early in September, the Chinese government asked all Bitcoin exchanges operating in China to cease operations.. All exchanges were required to shutter by October 1, 2017. In addition, major exchanges such as OKCoin and Huobi were allowed to continue their activities, provided that they are closed until the end of October. It brought along various speculations that there would be exchanges to be allowed.