31 May '17, 6pm

Breaking: Chinese Exchanges Resume Withdrawals, Bitcoin Likely to Surge

On May 31, local Chinese Bitcoin and cryptocurrency news source cnLedger reported that OKCoin China resumed withdrawals for traders. BREAKING: We received report that OKCoin (CN site) resumed withdraws! W/d limit based on vip level, starting from 10BTC/200LTC/1000ETH daily — cnLedger (@cnLedger) May 31, 2017 OKCoin is the largest Bitcoin exchange in China which processes 31 percent of trades within the Chinese Bitcoin exchange market. In February, OKCoin and Huobi, the two largest Bitcoin exchanges in China, were flagged by the People’s Bank of China for operating a trading platform without appropriate Know Your Customer (KYC) and Anti-Money Laundering (AML) systems. The troubled times Consequently, the two exchanges were asked to suspend withdrawals until future notice and in the meantime, the two exchanges along with other trading platforms in the market implemented new ...

Full article: https://cointelegraph.com/news/breaking-chinese-exchanges...

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