31 May '17, 7pm

OKCoin and Huobi Move to End China's Bitcoin Withdrawal Freeze

Signs are emerging that a long-lasting withdrawal freeze in China's bitcoin exchange ecosystem is finally thawing. A representative for has OKCoin confirmed a report today that withdrawals had resumed at the exchange, one of the largest in the world by volume. The spokesperson added, however, that withdrawals would be contingent on passing a verification requirement and prescribing to a $1m annual limit. Still, signs suggest that OKCoin won't be alone in resuming operations. According to a representative for the exchange, withdrawals could be opened at Huobi as soon as tomorrow. The representative also confirmed that OKCoin's withdrawals were being reactivated. At press time, it remains unclear if fellow bitcoin exchange BTCC is on the cusp of resuming withdrawals as well. A representative for the startup did not immediately respond to a request for comment. Nonetheless, s...

Full article: http://www.coindesk.com/okcoin-huobi-move-end-chinas-bitc...

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