The fallout from PBoC’s harsh warnings to all cryptocurrency exchanges domiciled in China is continuing. Yesterday, BTCChina released a statement regarding the ongoing Bitcoin/Litecoin withdrawal delays, saying the hold will be extended to March 15th. Claim $500 worth of Bitcoin from PayPal This is BTCChina’s third withdrawal delay extension this month. On February 10th, the exchange upped the delay from 72-hours to 10 days. While existing BTCChina clients are presently unable to get their digital currency deposits out, withdrawals in Chinese yuan are still allowed, “if customers want to withdraw funds within a shorter period, they can first trade their bitcoins and litecoins for CNY on the exchange and then withdraw the CNY.,” says BTCChina. Like many other Chinese exchanges that suspended outflows of customers’ cryptocurrency deposits following PBoC’s warnings , BTCChina is currently in the process of redesigning its anti-fraud prevention systems to c...
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