After Crackdown, a New Bitcoin King Emerges in China

“Since customers can no longer use payment processors to fund accounts, BTC-China has hacked together a voucher system that let’s new people set up accounts without actually transferring money to the Chinese exchange.  Meanwhile, China’s two other big exchanges — Huobi and OKCoin — are bypassing payment processors by letting users wire money directly into exchange bank accounts, says Scott Freeman, a China-based entrepreneur who is also a Bitcoin investor. That’s a slower process, but he says that since the December regulatory changes, trading has gone on in the country pretty much unabated.”

http://www.wired.com/wiredenterprise/2014/01/huobi/

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