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.
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.
China’s major cryptocurrency exchange OKCoin has stopped accepting USD deposits, a day after the Hong Kong-based cryptocurrency exchange Bitfinex suspended wire transfers.
Bitcoin continues its steady growth and moves from an alternative asset to a mainstream payment form for businesses.
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.
The People’s Bank of China found some violation of rules in the operations of major bitcoin exchanges.
China’s central bank unveiled plans to more closely inspect operations of digital currency exchanges in an effort to curb the yuan’s outflow.
Bitcoin price demonstrated a sharp drop on Friday after the central bank of China warned users of the threats associated with the investment in digital currency.