Bitcoin Trade Exchange in China Reopens

Faced pressure from the People's Bank of China stuff it down last month

Virtual currency bitcoin received some good news on Friday with one of the most prominent exchanges in the world resuming trading after a clampdown by the People's Bank of China (PBoC) in December.

BTC China is the longest-standing bitcoin trading platform in China and was until recently the world's largest bitcoin exchange, according to Bitcoinity.org. In December the company decided to stop accepting trades denominated in the yuan due to pressure on third-third party payment processor from the country's central bank.