Published On: Thu, Jun 1st, 2017

Big Three Chinese Bitcoin Exchanges Unfreeze Withdrawals

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The Big Three Chinese exchanges have finally resumed Bitcoin withdrawals as trading volume appears to be coming back, pushing BTC price back above $2,400.
China’s “Big Three” Resume Withdrawals
Bitcoin withdrawals were expected to be unfrozen since March, however, several delays took place, pushing the end of the moratorium to June, as previously reported. Now, the biggest exchanges in China by trading volume, OKCoin, BTCC and Huobi have unfrozen cryptocurrency withdrawals, which were paused as a consequence of the inspections carried out by the People’s Bank of China (PBoC).
While neither OKCoin nor BTCC have made an official announcement yet, online news service cnLedgerconfirmed that cryptocurrency withdrawals are already active on OKCoin. The daily limits vary, however, wit “based on vip level, starting from 10BTC/200LTC/1000ETH daily” and on Huobi with a 50 BTC daily limit. BTCC has also confirmed the news via its customer support.

BTCChina allowing withdraws confirmed by their customer service
— cnLedger (@cnLedger) June 1, 2017

Now, as withdrawals are reopened and new altcoins are being added to the big three CNY exchanges, the cryptocurrency landscape could change once more, pushing China …

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  1. RMB Investor RMB Investor says:

    RT @ABITCOINnews: Big Three Chinese Bitcoin Exchanges Unfreeze Withdrawals –

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