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Author Topic: According to Reuters, many Chinese bitcoin holders can no longer sell  (Read 240 times)
Preclus
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September 15, 2017, 05:53:05 AM
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I posted a link to an old article I didn't realize was old, please ignore.
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September 15, 2017, 06:00:42 AM
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OkCoin and Huobi said in statements published on their websites late on Thursday that they would halt withdrawals of bitcoins completely, while the other big exchange BTCC said it would subject withdrawals to a 72-hour review.

These measures come after China’s central bank said it called nine of the country’s smaller bitcoin exchanges in to a Wednesday meeting to discuss risks in the bitcoin market, and warned them they risked closure if they seriously violated regulations or took part in activities such as margin lending.

In their Thursday statements, they also said they may freeze assets or limit trading by users who were found to flout rules.

http://www.reuters.com/article/us-china-bitcoin/chinas-okcoin-huobi-exchanges-to-stop-bitcoin-withdrawals-idUSKBN15P0HE

There`s a difference between selling btc and withdrawing bitcoin funds from cryptocurrency exchange platforms.I think it`s time for chinese holders to move their btc funds outside China.
All the stupid regulations will destroy China`s cryptocurrency market and their bitcoins will become worthless ,if there`s no way to sell them.



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Quickseller
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September 15, 2017, 06:07:50 AM
 #3

This article is literally 6 months old.

Preclus
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September 15, 2017, 06:12:20 AM
 #4

This article is literally 6 months old.

you are correct, for some reason it appeared in my feed just now

i'll try to delete the thread.. it said i couldn't delete the thread so i edited the first message
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September 19, 2017, 09:53:24 AM
 #5

This article is literally 6 months old.

you are correct, for some reason it appeared in my feed just now

i'll try to delete the thread.. it said i couldn't delete the thread so i edited the first message
No doubt, it has become yesterday news but for many, it is good to read about such past incidents also. Especially the newbies, this way they will understand China and its tricks well and may stop getting panic over all the bad news which is circulating in the air nowadays, spreading chaos everywhere.

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