The former chief executive officer of the Hong-Kong based OKEx has left just on the heels of the exchange becoming the world’s largest by daily volume, reportedly overtaking Binance.
The fact-finding inquiry into the practices of crypto exchanges is intended to ensure all mandatory procedures of registration are being followed with transparency.
Cryptocurrency exchange Huobi is entering new markets. After some difficult times in China last year, Huobi has announced its launch in the US.
OkCoin and Huobi are to stop all trading services for local customers till the end of October putting an end to crypto exchange markets in any form in China.
Chineese authorities have ordered domestic Bitcoin exchanges to cease trading and immediately notify users of their closure.
Charlie Lee claims that OKCoin and Huobi are meeting regulators today. Whether this would make the two exchanges follow BTCC’s decision to halt trading remains unknown.
Rumors about Chinese government’s plans to ban trading of bitcoin and other virtual currencies on domestic exchanges no longer affect Bitcoin price.
The exchanges decided to resume withdrawals as the People’s Bank of China made it clear they are not forbidden.
The fact that two of three leading Chinese exchanges have started Ethereum trading allows suggesting that the third one is upcoming.
The move can be rather eventful for the cryptocurrency ecosystem especially if followed by other large Chinese exchanges.
Bitcoin price recovers as Chinese authorities and bitcoin industry push for regulatory alliance.
Chinese exchanges suspend withdrawals of virtual currency while the country’s central bank increases pressure on bitcoin companies to stem capital outflows.
Chinese biggest bitcoin exchanges unveiled on Sunday they will impose trading fees, as the government is tightening control over digital currency.