Huobi Gives Update: So Far, So Good

by Leon Pick
Huobi Gives Update: So Far, So Good

Huobi has issued an of a major crackdown on Bitcoin exchanges and the ordering of closure of their bank accounts. The official statement on their site comes after Huobi CEO Leon Li stated to DC Magnates that they hadn't received an official notice, even as other Chinese exchanges like BTC38 has announced restrictions to their yuan deposits.

A loose translation yields the following key points: They have not received any notifications from the government or PBOC. They have been trying to clarify the matter with the PBOC all week and haven't gotten any response other than references back to . They held a conference call with all four of their payment processing providers and none had any news to report. The "4.15" reports they keep hearing are solely generated by the media. Nobody has gotten any official notification or been able to confirm the authenticity of the reports.

This, despite OKCoin and FXBTC both having halted services. OKCoin said that their third-party payment processor received notification to suspend their payment channel.

Huobi has issued an of a major crackdown on Bitcoin exchanges and the ordering of closure of their bank accounts. The official statement on their site comes after Huobi CEO Leon Li stated to DC Magnates that they hadn't received an official notice, even as other Chinese exchanges like BTC38 has announced restrictions to their yuan deposits.

A loose translation yields the following key points: They have not received any notifications from the government or PBOC. They have been trying to clarify the matter with the PBOC all week and haven't gotten any response other than references back to . They held a conference call with all four of their payment processing providers and none had any news to report. The "4.15" reports they keep hearing are solely generated by the media. Nobody has gotten any official notification or been able to confirm the authenticity of the reports.

This, despite OKCoin and FXBTC both having halted services. OKCoin said that their third-party payment processor received notification to suspend their payment channel.

About the Author: Leon Pick
Leon  Pick
  • 1998 Articles
  • 5 Followers
About the Author: Leon Pick
  • 1998 Articles
  • 5 Followers

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