Tag: aml regulation

Bitcoin Price Crashes 10% as Chinese Exchanges Block Withdrawals

Huobi and OKCoin, two of China’s biggest exchanges have announced that they will be blocking Bitcoin withdrawals for atleast 1 month as a result of increase AML / KYC regulations. It comes as little surprise that the exchanges are going to implement better KYC protocols as the PBOC had a meeting a 2 days ago about this exact subject. After its closed-door meeting the PBOC released a statement warning Bitcoin …
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