21:47, 27-Sep-2017
Cryptocurrency Markets: BTC China stops yuan and digital asset deposits
[]
Share
Copied
Watch out Bitcoin traders. One more exchange has just stopped accepting deposits in China. BTC China said it would no longer take yuan and digital asset deposits as of Wednesday and will close all of its trading businesses by this weekend.
The announcement came after the Chinese government banned bitcoin and other cryptocurrencies earlier this month and said it would treat initial coin offering as illegal fund raising. BTC China said it will comply with the rules and prevent additional risks. BTC China clients who don't want to keep the cryptocurrency can trade or withdraw it before Saturday.