Huobi Gives Update: So Far, So Good

Huobi has issued an official update on its site on the recent reports of a major crackdown on Bitcoin exchanges

Huobi has issued an official update on its site on the recent reports 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 yesterday that they hadn’t received an official notice, even as other Chinese exchanges like BTC38 has announced restrictions to their yuan deposits.

Huobi Update

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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 the original December 5th statement. 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.

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