Topic: Chinese Bitcoin Exchanges Prepare to Move Operations Overseas (Read 506 times)
Of cuz.. pboc wont ban is alrdy a good sign..
How will this affect the price moving forward?
http://www.coindesk.com/chinese-bitcoin-exchanges-prepare-to-move-operations-overseas/
Major China-based bitcoin exchanges Huobi and OKCoin are reporting that they have received word from banking partners indicating that certain deposit services would be terminated by 14th April.
....Huobi indicated in its post that it is “actively developing business cooperations with onshore financial institutions”, and that it has “reached agreements with many institutions to ensure that Huobi can have normal RMB deposits and withdrawals”.
....Similarly, OKCoin offered a two-point restructuring plan in its post that included the potential for opening an overseas website designed to provide a “more stable, more secure trading platform”, which it suggested is currently under construction.
....OKCoin said withdrawals were not affected either, and that its other bank accounts were still active. In addition, it offered a plan for how it will continue operations, using a recharge code, or voucher, service for deposits and withdrawals.
....“If online trading platforms that are following the rules have to stop services, bitcoin transactions will go offline where they will be unmonitored, and will result in even more difficulty regulating.”
http://www.coindesk.com/chinese-bitcoin-exchanges-prepare-to-move-operations-overseas/
Major China-based bitcoin exchanges Huobi and OKCoin are reporting that they have received word from banking partners indicating that certain deposit services would be terminated by 14th April.
....Huobi indicated in its post that it is “actively developing business cooperations with onshore financial institutions”, and that it has “reached agreements with many institutions to ensure that Huobi can have normal RMB deposits and withdrawals”.
....Similarly, OKCoin offered a two-point restructuring plan in its post that included the potential for opening an overseas website designed to provide a “more stable, more secure trading platform”, which it suggested is currently under construction.
....OKCoin said withdrawals were not affected either, and that its other bank accounts were still active. In addition, it offered a plan for how it will continue operations, using a recharge code, or voucher, service for deposits and withdrawals.
....“If online trading platforms that are following the rules have to stop services, bitcoin transactions will go offline where they will be unmonitored, and will result in even more difficulty regulating.”
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