Bitcoin Withdrawals Postponed, to Resume After Regulatory Approval: Chinese Exchanges
China’s ‘big three’ bitcoin exchanges have all released statements confirming that bitcoin withdrawals will only resume following approval by regulators, as the platforms reinforce their infrastructure to comply with AML and regulatory requirements. It was a month ago when OkCoin and Huobi, two of China’s ‘big three’ exchanges paused withdrawals of bitcoin in the face of regulatory pressure from the People’s Bank of China. A week later, the other big exchange, BTCC, followed suit and halted withdrawals for a month. In separate but entirely identical statements today, all three bitcoin....
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China’s biggest Bitcoin exchange BTCC has announced it will halt cryptocurrency withdrawals until March 15 as it moves to comply with regulatory standards. In line with other major Chinese exchanges such as Huobi and Okcoin, BTCC is working on what it describes as “upgrading its inspection and verification system.” It promised that withdrawals would immediately resume once the process had completed and that users would be informed. Withdrawals in yuan remain unaffected. A circular sent to users Wednesday reads: “BTCChina will continue upgrading its inspection and verification system for....
Andreas Antonopoulos notes on Twitter that Bitstamp withdrawals have resumed. He also expects Mt. Gox to resume withdrawals soon. Bitcoin exchange Bitstamp is today resuming withdrawals, days after announcing they would be stopped temporarily due to a DDOS attack affecting multiple exchanges that took advantage of a known transaction malleability issue known to developers since 2011. "A denial-of-service attack caused us to suspend the processing of Bitcoin withdrawals. Bitstamp, with help from the Bitcoin core developers, has implemented a solution that passes our preliminary tests and....
Crypto Broker, Voyager, has decided to resume its cash withdrawals on its app. Users shall be able to make cash withdrawals from the application, this news comes after Voyager suspended trading, deposits, withdrawals and loyalty rewards for over a month. The cryptocurrency lender has panned to restart the customer access to withdrawals from August 11, […]
Crypto exchange, CoinFLEX might not lift the ban on user withdrawals just yet. The exchange had put a halt to crypto withdrawals last month and was supposedly ready to resume the withdrawals this week, Thursday. CEO Mark Lamb clarified that it is now supposed to be pushed for a later date. CoinFLEX is currently wobbling […]
The trading vacuum created by the stringent measures and close scrutiny by the People Bank of China’s (PBoC) upon the country’s bitcoin exchanges has led to traders flocking to alternative platforms. According to Coin.Dance, bitcoin trading volumes on prominent peer-to-peer (P2P) exchange platform LocalBitcoins reached an all-time high during the past week. The same week that saw two of the biggest Chinese bitcoin exchanges., OkCoin and Huobi, freeze withdrawals for up to a month. Other smaller exchanges have since followed, with the likes ofYunbi, BTC100 and BTCTrade strengthening....