Published On: Thu, May 11th, 2017

Bitkan: Peer-to-Peer Volume Keeps Growing in China

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The halt on cryptocurrency withdrawals from Bitcoin exchanges in China may be coming to an end. Bitcoin talked to Bitkan to understand the situation with Bitcoin exchanges and how it has affected P2P trading in the country.
Withdrawals to be Resumed
The halt on cryptocurrency withdrawals imposed by Chinese exchanges is coming to an end, with withdrawals expected to be resumed in June 2017. The moratorium was caused by the task forces assembled by the country’s central bank to inspect said exchanges. While all operations are expected to continue next month, the top three exchanges, BTCC, Huobi, and OKCoin will receive punitive action under charges of not complying with AML guidelines.

A situation that has lasted for more than three months and that has changed the Bitcoin landscape entirely in China, the moratorium on withdrawals may be coming to an end. However, since the removal of several features like the zero-fee policy, margin trading, and cryptocurrency withdrawals, Bitcoin traders have begun to flock towards P2P solutions like Bitkan.
Bitcoinist talked to Bitkan to better understand the current situation with Bitcoin exchanges and how it has affected peer-to-peer trading in the country. Bitkan is a Chinese p2 …

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