BTC China halts withdrawal services

Updated 2017-10-30 15:01:55 CGTN

BTC China, the largest Bitcoin trading platform in the country, suspended its withdrawal services on Monday. That means a complete shut down of all the exchange business on the platform.

BTC China already stopped accepting cryptocurrencies and had shut down all trading functions on BTC-China Exchange on September 30. That was to meet the government requirements issued on September 4.

Other major Bitcoin trading platforms in China like OKCoin and Huobi will follow suit by Tuesday. The bitcoin market has remained resilient despite the Chinese crackdown. The digital currency has been rallying recently, reaching 36 thousand yuan per bitcoin on Monday.

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