China’s 3 biggest bitcoin exchanges continue to block customer withdrawals

Bitcoin is under attack in China. According to this Business Insider report, the three largest exchanges are blocking all withdrawals.



Bitcoin trades down 2.4% at $1198 a coin as selling takes hold for a second day. Wednesday’s weakness comes after China’s three largest bitcoin exchanges (OkCoin, Huobi, and BTCC) all issued statements saying they will continue to block withdrawals until granted approval to let them resume by regulators, according to Cryptocoins News.

The cryptocurrency plunged more than $100 in a matter of minutes on Tuesday about two hours after a Bloomberg headline cited a People’s Bank of China official as suggesting the recent bitcoin regulation wasn’t temporary.


From the backwoods of Michigan, Thomas Dishaw is writer and health hacker. Thomas currently resides outside Philadelphia with his wife and dog. You can support Thomas' work by making a donation below or following him on Instagram. You can reach Thomas via email at tdishaw@protonmail.com.

If you found this article useful, please consider donating to fund my work.

$
Personal Info

Donation Total: $10.00