BitKan will temporarily suspend trading operations

Chinese over-the-counter cryptocurrency trading platform released new announcement
13 September 2017   1446

The Chinese platform of P2P cryptocurrency announced its intention to temporarily suspend operations with digital assets. This is written by CoinDesk.

The decision is caused by the strengthening of control over the cryptocurrency industry by the Chinese authorities. The BitKan blog indicates that trading on the platform will be suspended on September 14. Limitations will affect users of the web platform and the mobile version of the service. At the same time, I / O facilities will remain available. Also notable that there are no reports about this decision in official Twitter, and blog post of BitKan is in Chinese.

After the suspension of over-the-counter operations, BitKan's wallets will continue to function normally. Depositing and withdrawing funds will not be affected.
 

BitKan team 

BitKan representatives have not yet reported anything about when trading operations will available again.

BitKan is an OTC (over-the-counter) platform for trading crypto-currencies, which is a cross between a classical exchanger, a P2P platform like LocalBitcoins and a crypto exchange.

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   110

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.