In a surprise turn of events, the two largest Chinese Bitcoin exchanges have suspended Bitcoin and Litecoin withdrawals for one month. The news follows China’s central bank inspections at nine smaller Bitcoin exchanges this week.
This week the PBOC has visited with smaller exchanges within the region including Chbtc, Haobtc, Btctrade, Yunbi, BTC100, Dahonghuo, Jubi, Bitbay, and Yuanbao. The initial visits had caused the price to drop a touch but quickly rose back to the $1070 range on February 8. The following day on February 9 the exchanges Okcoin and Huobi announced they would suspend BTC and LTC withdrawals for one month which subsequently caused the Bitcoin price to drop 10 percent.
Read More Here: https://news.bitcoin.com/chinese-exchan ... one-month/
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