BTCChina bullshitting its users by extending withdrawing processing suddenly

[philtable]

Dear Customer,

BTCChina will continue upgrading its inspection and verification system for bitcoin and litecoin withdrawals to aggressively guard against money laundering, illegal money exchange, pyramid schemes, and other illegal activity. As a result, bitcoin and litecoin withdrawals will be suspended from February 15th until March 15th. Bitcoin and litecoin withdrawals will be resumed as soon as industry standards are settled and the inspection and verification system has been upgraded. Please note: 1. Bitcoin and litecoin withdrawals will resume as soon the inspection and verification system has been upgraded. We will let customers know as soon as this happens. 2. CNY deposits and withdrawals will not be affected; if customers want to withdraw funds within a shorter period, they can first trade their bitcoins and litecoins for CNY on the exchange and then withdraw the CNY. We apologize for any inconvenience caused.

Thank you for your cooperation and understanding,

The BTCChina Team February 15th, 2017

When you buy the coins they say you can withdraw in 10 days. Now they can just change the date they promised. What's the point using chinese exchange? How do you know if they will not extend withdrawing date for another 10 years 9 days later?
People need to go to localbitcoins now and fuck these chinese exchanges.

[philtable]

From Reddit: https://www.reddit.com/r/Bitcoin/comments/5ud5f2/btcchina_bullshitting_its_users_by_extending/

[Fortify]

Forgive me if this is a stupid question, but is BTCChina the same as the company BTCC? As in, the major Chinese crypto currency exchange and producer of physical bitcoins? It seemed inevitable that these exchanges would get a lot more scrutiny, as China is a bit of a control freak with monetary policy