NEW : Chinese authorities crack down on smuggling . Analysts : And given China is a country with strong practice of savings , '' Bobby Lee , CEO and co-founder of BTC China , told CNN . ` Bitcoin trading is being fueled by voracious Chinese investors . A majority of China 's transactions now occur through China 's largest online trading website .
NEW : Chinese authorities crack down on smuggling . Analysts : Bitcoin trading is being fueled by voracious Chinese investors . A majority of China 's transactions now occur through China 's largest online trading website .