China’s OkCoin, Huobi exchanges to stop bitcoin withdrawals

By Brenda Goh SHANGHAI (Reuters) – Two of China’s three largest bitcoin exchanges said they were taking measures to stop withdrawals of the cryptocurrency from their platforms, as capital outflows prompt the Chinese central bank to step up its scrutiny of the industry. OkCoin and Huobi said in statements published on their websites late on Thursday that they would halt withdrawals of bitcoins completely, while the other big exchange BTCC said it would subject withdrawals to a 72-hour review. Earlier in the day, the exchanges had issued statements saying they would strengthen oversight of customers’ identities and sources of funds.

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