BTCChina, ane of the 3 largest Chinese Bitcoin exchanges, announced today a novel upgrade to its anti-money laundering as well as illicit activeness tracking procedures. The central equally good extended delays on bitcoin as well as litecoin withdrawals from the initial 72-hour period:
“Initially, nosotros estimated that withdrawals volition live on delayed past times 72 hours, simply nosotros convey right away revised this gauge to about 10 days.”
Additionally, BTCC said the sum of digital currency existing customers volition live on able to take away during the upgrade stage may live on limited, “Bitcoin as well as litecoin withdrawal times volition furnish to normal in ane lawsuit the inspection as well as verification organization has been upgraded.,” said BTCC.
The other 2 large Chinese exchanges - Huobi as well as OKCoin - equally good halted LTC & BTC withdrawals inwards lite of
PBoC’s recent statement concerning regulatory breaches at all cryptocurrency trading venues domiciled inwards China.
Unlike BTCC, Huobi as well as OKCoin halted withdrawals for upward to ane calendar month equally novel procedures are existence lay inwards house to comply amongst demands past times PBoC regulators.
Over the past times 2 days, smaller exchanges similar Yunbi, BTCTrade as well as CHBTC, convey equally good announced similar upgrades.
