BTCC stops accepting yuan and cryptocurrency deposits today. This is reported by the Cryptocoinsnews.
A giant of Chinese cryptocurrency industry, the oldest exchange in ex-largest crypto trading market in the world stopped receing deposists 27.09 at 12.00 noon, Beijing time. Exchange is working for 7 years now.
Today's notice from Chinese CMS BTCChina com continues the previous announcement, when BTCC cofirmed it will "stop all trading" on September 30 due to regulations of Chinese financial authorities and China’s central bank.
Additionally, BTCChina reported about the deadline of withdrawals of digital assets and renminbi – October 30. The administration notes that all withdrawals will be processed within 3 days, regardless of the digital asset reserve.
BTCChina operates on a 100% reserve system, meaning that we safely hold all of our customer funds in accounts and addresses that are separate from company accounts and address. All customers will be able to withdraw all their funds (including CNY, BTC, LTC, and ETH) from our exchanges within 72 hours.
The original statement.