The administration of the Chinese exchange ViaBTC announced plans to open a new crypto exchange, this time outside the country. It is reported by South China Morning Post.
The exchange was launched in July 2017. Trade on it was focused mainly on users from China, but foreign users could also register by providing the necessary identification documents.
However, in September, as a result of restrictive measures on the part of the Chinese government, ViaBTC decided to wind down this line of activity, officially launching the process earlier this week. Nevertheless, the company does not intend to completely abandon the maintenance of the trading platform.
A third of our customers are outside of China, and I believe they will continue to use the ViaBTC platform.
According to him, the exact time frame for launching the exchange outside of China has not yet been determined. He also stressed that the company has the necessary funds to meet all requests for withdrawal of funds, which must be completed before Monday, September 25.