Monday 20 February 2017

BTCChina to freeze cryptocurrency withdrawals for one month



BTCC is to freeze bitcoin and litecoin withdrawals for one month, and is now the last of largest bitcoin exchanges in China to do so, in order to upgrade its customer verification system. The move comes after at a request from the People’s Bank of China, China’s Central Bank, in an attempt to combat money laundering. BTCC plans to end the process on March 15, but added that “If the system upgrade can be completed ahead of time, all business will return to normal immediately”. China’s other major exchanges, OKCoin and Huobi, also froze cryptocurrency withdrawals last week.
There are now over 1,000 Bitcoin ATMs throughout the world
According to CoinATMRadar, there are 1,008 bitcoin ATMs in the world right now, and over 36,000 bitcoin to cash service providers, all contained in 55 countries. The United States is leading the bitcoin ATM market with 626 units, while Canada comes in second place with 138. In Europe, the leading country is the United Kingdom with 53 ATMs, and in Asia Japan gets first place, with 11 ATMs.

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