21 February 2019

Two China bitcoin exchanges suspend yuan deposits, WSJ says

Two small bitcoin exchanges in China are stopping customer deposits in yuan, in a move believed to be linked to a central bank directive to banks and payment firms to close bitcoin trading accounts, the Wall Street Journal reported Thursday. One of the two exchanges, Shenzhen-based BTC38, is discontinuing bank transfers, saying it has received news of the central bank’s intentions from banks and third-party platforms, according to the report. The other, FXBTC, is ending deposits effective Thursday and suspending bank card withdrawals this Sunday, the Journal said.

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