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Topic: when will chinese exchanges resume withdrawals? - page 2. (Read 2350 times)

hero member
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China have lots of restriction including financial restriction and i don't think china will follow Japan in case of bitcoin. PBOC have already cleared that they will continue investigation till they get convinced and i think this means till they verify all chinese traders and their source of income.

And for this to complete i think they need another few months.
hero member
Activity: 2604
Merit: 548
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When do you think chinese exchanges will resume withdrawals?
Quite uncertain but i am concerned more on the market move after all this suspension will be lifted. What chinese traders are thinking to do when they will get their bitcoins in their hands from trading platforms.  Roll Eyes
Following Japan's regulation on bitcoin usage and acceptance China too might make the regulations less complicated supporting the traders to withdraw all the bitcoin in the hands of the exchanges and continue trading with real trade volumes.
hero member
Activity: 952
Merit: 513
Since the beginning of 2017 bitcoin traders have been focused on the ongoing developments between China’s central bank and bitcoin exchanges residing within the country.

Over the past two months, withdrawals have been suspended across nearly every major Chinese bitcoin trading platform with no word on when suspensions will be lifted.

For now, over-the-counter markets and Localbitcoins trades are the only options for big cryptocurrency traders in China, while the entire world wonders when Chinese exchanges
will resume withdrawals.

When do you think chinese exchanges will resume withdrawals?

It should be soon.

After all it can't take that long if you have the correct paperwork done, because the government is involved in this one I don't think you need to worry about BTCChina pulling a runner here. They are all very legitimate companies anyway as they have operated for a long time in the bitcoin sphere.

The main issue is that proving that your funds are obtained legally.

I know a lot of Chinese bitcoin whales that obviously have touched the grey areas with bitcoin, like investing in these MMM schemes with their bitcoin, opened their own altcoin ICO just for the money, etc. etc.

If you just wanna get bitcoin in China, doing so via Localbitcoins using Wechat Pay or Alipay is the quickest and easiest way to do it.
legendary
Activity: 1218
Merit: 1006
When do you think chinese exchanges will resume withdrawals?
Quite uncertain but i am concerned more on the market move after all this suspension will be lifted. What chinese traders are thinking to do when they will get their bitcoins in their hands from trading platforms.  Roll Eyes
hero member
Activity: 602
Merit: 501
Undeads.com - P2E Runner Game
if china exchanger normal withdraw again, i think bitcoin price in china can incraese again
maybe same before problem with PBOC can leading market, bitcoin price higher in china exchanger, and volume transaction can higher too
legendary
Activity: 2898
Merit: 1823
This is the forgotten issue. I believe the People's Bank of China will drag it on for years until the exchanges realize that they do not have any control on the matter. Some of the Chinese exchanges will close especially the smaller ones because of the shrinking volume. The exchanges left will have no choice but to wait and be under the boots of the PBOC.
full member
Activity: 378
Merit: 101
Since the beginning of 2017 bitcoin traders have been focused on the ongoing developments between China’s central bank and bitcoin exchanges residing within the country.

Over the past two months, withdrawals have been suspended across nearly every major Chinese bitcoin trading platform with no word on when suspensions will be lifted.

For now, over-the-counter markets and Localbitcoins trades are the only options for big cryptocurrency traders in China, while the entire world wonders when Chinese exchanges
will resume withdrawals.

When do you think chinese exchanges will resume withdrawals?
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