Bitcoin China announced on September 27 that it would suspend digital asset and RMB recharge functions at 12:00 PM (Beijing Time) on the same day. All trading services will cease by September 30 at 12:00 PM. This follows similar shutdowns by Huobi and OKCoin, which also discontinued RMB trading services.
As of 11:23 AM on September 27, Bitcoin’s latest trading price was 25,002 CNY.
Official Announcement from Bitcoin China
To Our Valued Users,
In compliance with the Joint Announcement on Preventing Token Issuance Financing Risks issued by the People’s Bank of China and six other ministries on September 4, Bitcoin China will proactively adhere to regulatory requirements.
Key Timeline and Actions:
Recharge Suspension (September 27, 12:00 PM):
- All asset deposits (RMB and digital assets) will be disabled. Users are advised not to attempt deposits after this deadline.
Trading Termination (September 30, 12:00 PM):
- Complete shutdown of all trading pairs, including RMB/digital asset and crypto-to-crypto transactions.
Final Withdrawal Deadline (October 30, 12:00 PM):
- Users must withdraw remaining balances (RMB or digital assets) by this date.
- To convert digital assets to RMB for withdrawal, act promptly.
100% Reserve Policy:
- Bitcoin China has maintained full reserves since inception, guaranteeing asset security.
- Withdrawals (RMB, BTC, LTC, ETH, etc.) will be processed within 72 hours.
Mining Pool Operations:
- Services like Guochi Pool remain unaffected.
For assistance, contact support via:
👉 Customer Service or email [email protected].
Bitcoin China
September 27, 2017
FAQ Section
Q: Why is Bitcoin China suspending services?
A: To comply with China’s regulatory policies on token financing risks.
Q: Can I still withdraw my assets after September 30?
A: Yes, but only until October 30 at 12:00 PM.
Q: Is the mining pool also shutting down?
A: No, mining operations continue as usual.
Q: How long do withdrawals take?
A: Up to 72 hours due to high demand.
Q: Where can I get help?
👉 Contact Support Here
Key Takeaways
- Core Keywords: Bitcoin China, RMB recharge suspension, digital asset trading, crypto regulations, 100% reserve policy.
- Action Required: Users must withdraw assets before October 30.
- Trust Factor: Emphasis on reserve transparency and user security.
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