Bitcoin Drops as Chinese Exchanges Stop Cryptocurrency Withdrawals

[kreslik.news]

From as high as $1070 recently, the price of Bitcoin fell to as low as $910 today before settling around $985 as of now. This comes after at least two of the leading Chinese exchanges, OKCoin and Huobi, notified clients of an immediate ban on Bitcoin and Litecoin withdrawals, with RMB withdrawals unaffected, while they upgrade their AML systems according to the law which is estimated to take a month.

Want to learn more? Bobby Lee, the CEO of BTCC, will be giving the keynote speech about Bitcoin and China at the iFX EXPO in Hong Kong, register now. 

Earlier today, the Chinese central ... (read more)