the digital currency is defined as a virtual good, have left the Bitcoin scene there in disarray. The purpose is to maintain financial stability, prevent financial risks, and regulate market trading behavior, the Chinese exchange wrote. Chinese Exchanges Pause Withdrawals, on February 13, Bitcoin service provider HaoBTC announced it would cease bitcoin exchange services but maintain others like its wallet service. Little explanation was given.
What do you think the future will be for Bitcoin in China? On January 11, Peoples Daily, Chinas official paper, published a story on blockchain technology which included a graphic explaining Bitcoin. Huobi and OKCoin also suspended margin trading. PBoC then invited nine Chinese bitcoin exchanges to a closed door meeting, including chbtc, btctrade, HaoBTC and Yunbi, to reportedly emphasize no margin trading and that the exchanges must comply with AML laws. M has acquired Bitcoinocracy, and rebranded the project. The latter stated in a customer service email: Authorities are conducting a one-week long inspection, only to understand the situation here. A group of regulators consisting of the Shanghai branch of pboc, the Shanghai Financial Affairs office other related govt agencies visited btcc. The deposit and withdraw services are functioning properly. We are sorry to inform you that our COO Samson Mow is leaving btcchina, wrote co-founder Bobby Lee. All good, just inspections, the exchange tweeted. PBoC, sometimes called Central Mom in China, had elicited a response. A fourth Chinese bitcoin exchange, Yunbi, introduced fees shortly thereafter.