Author

Topic: China's OKCoin Shut Down By Apr 14; Banking To Continue Via Mobile Phones (Read 1529 times)

legendary
Activity: 1372
Merit: 1014
why don't the exchanges rent a storefront, hire a few employees and exchange btc for cash 24x7 ?

certainly that should be enough to get a lot of money in and out?
member
Activity: 112
Merit: 10
Cryptocurrencies Exchange
So this mobile thing is his opinion ? I don't understand Chinese :/
legendary
Activity: 1064
Merit: 1000
telexfree.com is in talks to provide mobile phone recharging outside China

telexfree is an ongoing scam


http://www.businessforhome.org/2014/02/british-police-in-jersey-issue-telexfree-scam-warning/

Quote
The States of Jersey Police (UK) have been made aware of a potential fraud which is targeting Jersey’s Madeiran community.

Guernsey Police have issued a similar appeal.

The scheme is under a company name of TELEXFREE and would require initial investments with the promise of big returns.

READ THE LINK

Im quoting myself here for a good cause, Im Brazilian and this shit ponzi is spread all over the place. Bizarre.
legendary
Activity: 1792
Merit: 1111
The press release does not mention mobile phone at all. Please do not disseminate inaccurate information
i refuse to debate google translations

I'm native Chinese user
full member
Activity: 156
Merit: 100
its a joke,I think btc should leave China
China ban btc everyday.
full member
Activity: 151
Merit: 100
newbie
Activity: 20
Merit: 0
The press release does not mention mobile phone at all. Please do not disseminate inaccurate information
i refuse to debate google translations
legendary
Activity: 1792
Merit: 1111
The press release does not mention mobile phone at all. Please do not disseminate inaccurate information
sr. member
Activity: 266
Merit: 250
After gox , china shutdown is another hit for Bitcoin , but bitcoin will sustain this hit as well.
china did d normal thing to warn about btc after goxx ,maybe more btc in circulation
legendary
Activity: 1064
Merit: 1000
telexfree.com is in talks to provide mobile phone recharging outside China

telexfree is an ongoing scam
hero member
Activity: 770
Merit: 500
After gox , china shutdown is another hit for Bitcoin , but bitcoin will sustain this hit as well.
hero member
Activity: 798
Merit: 1000
Intersting developments but I cant see how this will circumvent the PBoC's ruling.
newbie
Activity: 20
Merit: 0
telexfree.com is in talks to provide mobile phone recharging outside China
newbie
Activity: 20
Merit: 0
Quote
最后,再一次对长期支持我们、关心我们、与我们共同成长的小伙伴们道一声感谢,我们坚信这一次政策性波动并不会使中国比特币走向衰落,而是对发展良莠不齐的比特币交易平台的一次检验,正是你们的信任,才有OKCoin的今天!也希望我们能继续携手前进,创造属于中国比特人的金融神话!向世界证明中国不仅有金条大妈,还有坚定的比特高富帅!OKCoin一直都在
following the us$50 flash crash earlier today, ok released a second statement;
- inviting small businesses to join arms once again
- to make bitcoin an ode to Chinese pride
- to show the international community China's sincerity
member
Activity: 117
Merit: 10
Long live Bitcoin.
The ship is sinking, have some pride if you're going with it. There's no telling if we'll be saved.
sr. member
Activity: 266
Merit: 250
hero member
Activity: 700
Merit: 500
Life goes on.
With or without China.

Thanks for the update.

But at a much cheaper price.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Life goes on.
With or without China.

Thanks for the update.
newbie
Activity: 20
Merit: 0
Quote

尊敬的OKcoin用户:

今日上午10时35分左右,OKCoin接到招商银行西二旗支行确切通知:应上级运营管理部的要求,招商银行将暂停为OKCoin提供入金业务服务。随后,OKCoin管理层与银行反复沟通后,我们立即发出此份公告。

与银行沟通详情如下:

    招商银行西二旗支行接到上级部门通知,要求暂停OKCoin在招行西二旗支行的入金(充值)业务,停止入金限期为4月14日。
    通知确实为口头通知,支行并未接到任何书面文件。

关于银行卡充值暂停详情:
OKCoin将于下周一(4月14号)正式停止使用招商银行西二旗支行账户充值,其他银行暂不受影响,用户提现一切正常,有最新消息OKCoin将在第一时间发布。

坏消息后面往往是好消息:

虽然政策调整对国内比特币市场有一定的影响,OKCoin作为比特币投资者关注和信赖的专业交易平台,我们一直在未雨绸缪的准备各类突发事件的应对方案,尽可能保护投资者的利益不受影响。对于此次央行的政策调整,我们决定采用以下预案:

    正式推出全新的充值方式——OKCoin充值码充值业务。

    为了方便广大用户充值和提现,OKCoin将在银行关闭入金业务的同时推出充值码功能,用户可以将人民币提现成为充值码,然后将该充值码转让给OKCoin的其他用户用来充值。用户提现成充值码0手续费,使用充值码充值也是0手续费。OK充值码可以在OKCoin的用户之间自由交易流通,充值、提现快速到账。

    充值码分为A、B两段,A段主要用于用户查询充值码的有效性和所储存的金额,B段用于充值。只有同时拥有A、B两段即可充值成功。人民币提现到充值码时同样也会生成A、B两段充值码。

    OKCoin海外站旨在为广大国内比特币投资者提供更稳定、更安全投资环境的交易平台。敬请期待。

    OKCoin海外站旨在为广大国内比特币投资者提供更稳定、更安全投资环境的交易平台,是与现有国内网站相关联的基础上,为广大比特币爱好者提供一个周到、完善、安全的海外服务的全新交易平台。

    海外站的建设正在紧张进行中,将很快与广大用户见面。关于海外站的相关服务以及用户教程,我们会在网站上线后提供给大家。

最后,再一次对长期支持我们、关心我们、与我们共同成长的小伙伴们道一声感谢,我们坚信这一次政策性波动并不会使中国比特币走向衰落,而是对发展良莠不齐的比特币交易平台的一次检验,正是你们的信任,才有OKCoin的今天!也希望我们能继续携手前进,创造属于中国比特人的金融神话!向世界证明中国不仅有金条大妈,还有坚定的比特高富帅!OKCoin一直都在!

OKCoin运营部

2014/04/11

press statement released several minutes ago. essentially, along the lines of huobi's announcement;
- ordered shut down by apr 14 (sooner than huobi's apr 18)
- oral communication; no paper wording

ok has decided to solve the issue by;
- introducing mobile phone deposits/withdrawals. i doubt this is a workable solution to those outside of mainland china. within china; mobile phone prepaid credit may be turned into fiat, and used as fiat, quite fluidly. as a lawyer however, i know this solution will not last since the exchange of virtual "value" for real-world goods was banned in earlier years in the aftermath of world of warcraft gold trade.
- moving offshore to re-introduce traditional banking facilities. currently in testing phase; details to be announced at a later date.

this news means people may benefit from launching usd/eur fiat <=> chinese prepaid phone services in the next days.
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