Jump to content

Chinese bitcoin exchange BTCChina stops accepting deposits


Jonathan Fairfield

Recommended Posts

Chinese bitcoin exchange BTCChina stops accepting deposits

 

2017-09-27T043336Z_1_LYNXNPED8Q07H_RTROPTP_3_CHINA-FINANCE-DIGITAL-ICO.JPG

 

SHANGHAI (Reuters) - Chinese bitcoin exchange BTCChina said that it will stop accepting yuan and digital asset deposits on Wednesday as it prepares to wind down its mainland-based trading platform at the end of September.

 

The company said in a statement on its website that the halt on deposits would take effect at 0400 GMT. It also repeated that it would shut down its exchange businesses on Sept. 30, an announcement that it first made two weeks ago, and will also halt yuan and digital asset withdrawals at 0400 GMT on Oct. 31.

 

"All customers will be able to withdraw all their funds from our exchanges within 72 hours," said BTCChina, which is one of China's largest exchanges.

 

BTCChina and other crytocurrency exchanges have announced that they will shut down their mainland trading platforms amid a crackdwown by regulators who are concerned that Chinese investors are speculatively piling into such digital tokens.

 

(Reporting by Brenda Goh; Editing by Simon Cameron-Moore)

 

 
reuters_logo.jpg
-- © Copyright Reuters 2017-09-27
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.





×
×
  • Create New...