China's OKCoin Shut Down By Apr 14; Banking To Continue Via Mobile Phones

[Legal Counsel Zhou (PRC)]

尊敬的OKcoin用户：

今日上午10时35分左右，OKCoin接到招商银行西二旗支行确切通知：应上级运营管理部的要求，招商银行将暂停为OKCoin提供入金业务服务。随后，OKCoin管理层与银行反复沟通后，我们立即发出此份公告。

与银行沟通详情如下：

    招商银行西二旗支行接到上级部门通知，要求暂停OKCoin在招行西二旗支行的入金（充值）业务，停止入金限期为4月14日。
    通知确实为口头通知，支行并未接到任何书面文件。

关于银行卡充值暂停详情：
OKCoin将于下周一（4月14号）正式停止使用招商银行西二旗支行账户充值，其他银行暂不受影响，用户提现一切正常，有最新消息OKCoin将在第一时间发布。

坏消息后面往往是好消息：

虽然政策调整对国内比特币市场有一定的影响，OKCoin作为比特币投资者关注和信赖的专业交易平台，我们一直在未雨绸缪的准备各类突发事件的应对方案，尽可能保护投资者的利益不受影响。对于此次央行的政策调整，我们决定采用以下预案：

    正式推出全新的充值方式——OKCoin充值码充值业务。

    为了方便广大用户充值和提现，OKCoin将在银行关闭入金业务的同时推出充值码功能，用户可以将人民币提现成为充值码，然后将该充值码转让给OKCoin的其他用户用来充值。用户提现成充值码0手续费，使用充值码充值也是0手续费。OK充值码可以在OKCoin的用户之间自由交易流通，充值、提现快速到账。

    充值码分为A、B两段，A段主要用于用户查询充值码的有效性和所储存的金额，B段用于充值。只有同时拥有A、B两段即可充值成功。人民币提现到充值码时同样也会生成A、B两段充值码。

    OKCoin海外站旨在为广大国内比特币投资者提供更稳定、更安全投资环境的交易平台。敬请期待。

    OKCoin海外站旨在为广大国内比特币投资者提供更稳定、更安全投资环境的交易平台，是与现有国内网站相关联的基础上，为广大比特币爱好者提供一个周到、完善、安全的海外服务的全新交易平台。

    海外站的建设正在紧张进行中，将很快与广大用户见面。关于海外站的相关服务以及用户教程，我们会在网站上线后提供给大家。

最后，再一次对长期支持我们、关心我们、与我们共同成长的小伙伴们道一声感谢，我们坚信这一次政策性波动并不会使中国比特币走向衰落，而是对发展良莠不齐的比特币交易平台的一次检验，正是你们的信任，才有OKCoin的今天！也希望我们能继续携手前进，创造属于中国比特人的金融神话！向世界证明中国不仅有金条大妈，还有坚定的比特高富帅！OKCoin一直都在！

OKCoin运营部

2014/04/11

press statement released several minutes ago. essentially, along the lines of huobi's announcement;
- ordered shut down by apr 14 (sooner than huobi's apr 18)
- oral communication; no paper wording

ok has decided to solve the issue by;
- introducing mobile phone deposits/withdrawals. i doubt this is a workable solution to those outside of mainland china. within china; mobile phone prepaid credit may be turned into fiat, and used as fiat, quite fluidly. as a lawyer however, i know this solution will not last since the exchange of virtual "value" for real-world goods was banned in earlier years in the aftermath of world of warcraft gold trade.
- moving offshore to re-introduce traditional banking facilities. currently in testing phase; details to be announced at a later date.

this news means people may benefit from launching usd/eur fiat <=> chinese prepaid phone services in the next days.

[Bit_Happy]

Life goes on.
With or without China.

Thanks for the update.

[iluvpie60]

Life goes on.
With or without China.

Thanks for the update.

But at a much cheaper price.

[Siegfried]

尊敬的OKcoin用户：

今日上午10时35分左右，OKCoin接到招商银行西二旗支行确切通知：应上级运营管理部的要求，招商银行将暂停为OKCoin提供入金业务服务。随后，OKCoin管理层与银行反复沟通后，我们立即发出此份公告。

与银行沟通详情如下：

    招商银行西二旗支行接到上级部门通知，要求暂停OKCoin在招行西二旗支行的入金（充值）业务，停止入金限期为4月14日。
    通知确实为口头通知，支行并未接到任何书面文件。

关于银行卡充值暂停详情：
OKCoin将于下周一（4月14号）正式停止使用招商银行西二旗支行账户充值，其他银行暂不受影响，用户提现一切正常，有最新消息OKCoin将在第一时间发布。

坏消息后面往往是好消息：

虽然政策调整对国内比特币市场有一定的影响，OKCoin作为比特币投资者关注和信赖的专业交易平台，我们一直在未雨绸缪的准备各类突发事件的应对方案，尽可能保护投资者的利益不受影响。对于此次央行的政策调整，我们决定采用以下预案：

    正式推出全新的充值方式——OKCoin充值码充值业务。

    为了方便广大用户充值和提现，OKCoin将在银行关闭入金业务的同时推出充值码功能，用户可以将人民币提现成为充值码，然后将该充值码转让给OKCoin的其他用户用来充值。用户提现成充值码0手续费，使用充值码充值也是0手续费。OK充值码可以在OKCoin的用户之间自由交易流通，充值、提现快速到账。

    充值码分为A、B两段，A段主要用于用户查询充值码的有效性和所储存的金额，B段用于充值。只有同时拥有A、B两段即可充值成功。人民币提现到充值码时同样也会生成A、B两段充值码。

    OKCoin海外站旨在为广大国内比特币投资者提供更稳定、更安全投资环境的交易平台。敬请期待。

    OKCoin海外站旨在为广大国内比特币投资者提供更稳定、更安全投资环境的交易平台，是与现有国内网站相关联的基础上，为广大比特币爱好者提供一个周到、完善、安全的海外服务的全新交易平台。

    海外站的建设正在紧张进行中，将很快与广大用户见面。关于海外站的相关服务以及用户教程，我们会在网站上线后提供给大家。

最后，再一次对长期支持我们、关心我们、与我们共同成长的小伙伴们道一声感谢，我们坚信这一次政策性波动并不会使中国比特币走向衰落，而是对发展良莠不齐的比特币交易平台的一次检验，正是你们的信任，才有OKCoin的今天！也希望我们能继续携手前进，创造属于中国比特人的金融神话！向世界证明中国不仅有金条大妈，还有坚定的比特高富帅！OKCoin一直都在！

OKCoin运营部

2014/04/11

press statement released several minutes ago. essentially, along the lines of huobi's announcement;
- ordered shut down by apr 14 (sooner than huobi's apr 18)
- oral communication; no paper wording

ok has decided to solve the issue by;
- introducing mobile phone deposits/withdrawals. i doubt this is a workable solution to those outside of mainland china. within china; mobile phone prepaid credit may be turned into fiat, and used as fiat, quite fluidly. as a lawyer however, i know this solution will not last since the exchange of virtual "value" for real-world goods was banned in earlier years in the aftermath of world of warcraft gold trade.
- moving offshore to re-introduce traditional banking facilities. currently in testing phase; details to be announced at a later date.

this news means people may benefit from launching usd/eur fiat <=> chinese prepaid phone services in the next days.

Hilarious. And awesome.

[OhMyCoin]

The ship is sinking, have some pride if you're going with it. There's no telling if we'll be saved.

[Legal Counsel Zhou (PRC)]

尊敬的OKcoin用户：

今日上午10时35分左右，OKCoin接到招商银行西二旗支行确切通知：应上级运营管理部的要求，招商银行将暂停为OKCoin提供入金业务服务。随后，OKCoin管理层与银行反复沟通后，我们立即发出此份公告。

与银行沟通详情如下：

    招商银行西二旗支行接到上级部门通知，要求暂停OKCoin在招行西二旗支行的入金（充值）业务，停止入金限期为4月14日。
    通知确实为口头通知，支行并未接到任何书面文件。

关于银行卡充值暂停详情：
OKCoin将于下周一（4月14号）正式停止使用招商银行西二旗支行账户充值，其他银行暂不受影响，用户提现一切正常，有最新消息OKCoin将在第一时间发布。

坏消息后面往往是好消息：

虽然政策调整对国内比特币市场有一定的影响，OKCoin作为比特币投资者关注和信赖的专业交易平台，我们一直在未雨绸缪的准备各类突发事件的应对方案，尽可能保护投资者的利益不受影响。对于此次央行的政策调整，我们决定采用以下预案：

    正式推出全新的充值方式——OKCoin充值码充值业务。

    为了方便广大用户充值和提现，OKCoin将在银行关闭入金业务的同时推出充值码功能，用户可以将人民币提现成为充值码，然后将该充值码转让给OKCoin的其他用户用来充值。用户提现成充值码0手续费，使用充值码充值也是0手续费。OK充值码可以在OKCoin的用户之间自由交易流通，充值、提现快速到账。

    充值码分为A、B两段，A段主要用于用户查询充值码的有效性和所储存的金额，B段用于充值。只有同时拥有A、B两段即可充值成功。人民币提现到充值码时同样也会生成A、B两段充值码。

    OKCoin海外站旨在为广大国内比特币投资者提供更稳定、更安全投资环境的交易平台。敬请期待。

    OKCoin海外站旨在为广大国内比特币投资者提供更稳定、更安全投资环境的交易平台，是与现有国内网站相关联的基础上，为广大比特币爱好者提供一个周到、完善、安全的海外服务的全新交易平台。

    海外站的建设正在紧张进行中，将很快与广大用户见面。关于海外站的相关服务以及用户教程，我们会在网站上线后提供给大家。

最后，再一次对长期支持我们、关心我们、与我们共同成长的小伙伴们道一声感谢，我们坚信这一次政策性波动并不会使中国比特币走向衰落，而是对发展良莠不齐的比特币交易平台的一次检验，正是你们的信任，才有OKCoin的今天！也希望我们能继续携手前进，创造属于中国比特人的金融神话！向世界证明中国不仅有金条大妈，还有坚定的比特高富帅！OKCoin一直都在！

OKCoin运营部

2014/04/11

press statement released several minutes ago. essentially, along the lines of huobi's announcement;
- ordered shut down by apr 14 (sooner than huobi's apr 18)
- oral communication; no paper wording

ok has decided to solve the issue by;
- introducing mobile phone deposits/withdrawals. i doubt this is a workable solution to those outside of mainland china. within china; mobile phone prepaid credit may be turned into fiat, and used as fiat, quite fluidly. as a lawyer however, i know this solution will not last since the exchange of virtual "value" for real-world goods was banned in earlier years in the aftermath of world of warcraft gold trade.
- moving offshore to re-introduce traditional banking facilities. currently in testing phase; details to be announced at a later date.

this news means people may benefit from launching usd/eur fiat <=> chinese prepaid phone services in the next days.

Hilarious. And awesome.

it's likely they have overlooked the previous ruling; english version here directly from the ministry of commerce.

[Legal Counsel Zhou (PRC)]

最后，再一次对长期支持我们、关心我们、与我们共同成长的小伙伴们道一声感谢，我们坚信这一次政策性波动并不会使中国比特币走向衰落，而是对发展良莠不齐的比特币交易平台的一次检验，正是你们的信任，才有OKCoin的今天！也希望我们能继续携手前进，创造属于中国比特人的金融神话！向世界证明中国不仅有金条大妈，还有坚定的比特高富帅！OKCoin一直都在

following the us$50 flash crash earlier today, ok released a second statement;
- inviting small businesses to join arms once again
- to make bitcoin an ode to Chinese pride
- to show the international community China's sincerity

[Legal Counsel Zhou (PRC)]

telexfree.com is in talks to provide mobile phone recharging outside China

[dreamspark]

Intersting developments but I cant see how this will circumvent the PBoC's ruling.

[Equate]

After gox , china shutdown is another hit for Bitcoin , but bitcoin will sustain this hit as well.

[rudrigorc2]

telexfree.com is in talks to provide mobile phone recharging outside China

telexfree is an ongoing scam

[jparsley]

After gox , china shutdown is another hit for Bitcoin , but bitcoin will sustain this hit as well.

china did d normal thing to warn about btc after goxx ,maybe more btc in circulation

[jl2012]

The press release does not mention mobile phone at all. Please do not disseminate inaccurate information

[Legal Counsel Zhou (PRC)]

The press release does not mention mobile phone at all. Please do not disseminate inaccurate information

i refuse to debate google translations

[bitluryz]

Source https://www.okcoin.com/t-1008310.html

Ok so, end of this ban episode.

[91porn]

its a joke,I think btc should leave China
China ban btc everyday.

[jl2012]

The press release does not mention mobile phone at all. Please do not disseminate inaccurate information

i refuse to debate google translations

I'm native Chinese user

[rudrigorc2]

telexfree.com is in talks to provide mobile phone recharging outside China

telexfree is an ongoing scam

http://www.businessforhome.org/2014/02/british-police-in-jersey-issue-telexfree-scam-warning/

The States of Jersey Police (UK) have been made aware of a potential fraud which is targeting Jersey’s Madeiran community.

Guernsey Police have issued a similar appeal.

The scheme is under a company name of TELEXFREE and would require initial investments with the promise of big returns.

READ THE LINK

Im quoting myself here for a good cause, Im Brazilian and this shit ponzi is spread all over the place. Bizarre.

[BitOnyx]

So this mobile thing is his opinion ? I don't understand Chinese :/

[leopard2]

why don't the exchanges rent a storefront, hire a few employees and exchange btc for cash 24x7 ?

certainly that should be enough to get a lot of money in and out?