Chinese Bitcoin Exchange Huobi Stopping Voucher Deposits on April 5th
There's a lot that's unclear in China right now. Yesterday, we learned that several exchanges in the country have stopped some services. Popular Chinese Bitcoin Exchange Huobi announced on its website that despite vicious rumors circulating that the People's Bank of China will be forcing banks and third-party payment processors to sever ties with bitcoin exchanges, they haven't heard any such news from the processors they work with. One of the processors (which has remained unnamed), however, did contact Huobi to discuss what CoinDesk says is "the potential risk of continuing [a]....
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China-based bitcoin exchange Huobi is reporting via its website that it has not yet received word from any of its four third-party payment processors that they will be taking action to close its trading accounts. The post follows reports yesterday (2nd April) from competitors that they had been contacted by financial partners and that, as a result, some deposit services would be at least temporarily frozen. However, Huobi has said that one of its processing partners did call it directly to talk about the potential risk of continuing the partnership. The processor, which was not named in....
Read the original Chinese article on btc38 and btckan, a prominent Chinese Bitcoin exchange and website, respectively. BTC China's CEO Bobby Lee has introduced a new method for Bitcoiners in China to "recharge" their RMB balances on Chinese Bitcoin Exchanges: BTC China vouchers. Within a week, Chinese Bitcoin Exchanges led by BTC China, have found a solution for getting RMB deposits into Chinese Bitcoin Exchanges in compliance with ever-changing interpretations of Chinese law. Alternatively, Huobi's CEO has been using his personal bank account to provide RMB liquidity for all of his....
According to a post today on Reddit, it would appear as if Chinese bitcoin exchange Huobi has made a modification to their account funding process. Previously, the exchange allowed consumers to fund their accounts with one of two options: Use Huobi CEO Thus Li Lin's personal bank account with China Merchants Bank (which allowed for ATM deposits and third-party transfers). Use Huobi's business bank account with China Construction Bank (does not support ATM deposits of third-party transfers). The aforementioned post indicates that the first option has been removed, stopping any interaction....
Major China-based bitcoin exchanges Huobi and OKCoin are reporting that they have received word from banking partners indicating that certain deposit services would be terminated by 14th April. The news follows the 10th April statements issued by BTCTrade, BTC100 and Huobi confirming that they had bank accounts terminated by financial partners. OKCoin was previously contacted by a third-party payment processor, which prompted it to stop servicing deposits via prepaid voucher with this partner on 2nd April. While the two new announcements brought news of more account freezes, they were....
According to reddit user mkellerman: "It seems btc38.com has not been affected and is able to accept CNY deposits. I just successfully deposited 10CNY to my btc38 account using my Chinese credit card. The money appeared in my account within a minute. One bitcoin currently costs 3152CNY at btc38."Did btc38 not get the memo? Bitcoin is well off the lows trading at $614 on BTC-e. Edit: It seems that there are only two Chinese exchanges NOT accepting deposits. And according to enric on bitcointalk.org there are some large exchanges still transacting in CNY: "Also Huobi:....