Huobi CEO Leon Li “We Have Not Received any Official Notification”

As posted , rumors are swirling today that the Peoples Bank of China (PBOC) has issued messages to banks and payment processors to close accounts held by Chinese Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchanges, including those of Huobi, BTC China, and Okcoin. The rumored document contained an April 15^th deadline. The accuracy of the alleged PBOC restrictions has been debated today as to its accuracy. Several Chinese media sites, including Caixin has posted the news to be true based on a document viewed by one of their sources. As a result, prices of bitcoins today have fallen more than 10% in China to 310o yuan.

However, since gaining attention, bitcoin exchanges in China have yet to confirm they have received any messages about the account restrictions.

Following up on the matter, Digital Currency Magnates reached out to Huobi CEO, Leon Li about whether his firm had received message from any partner banks or payment processors. Responding by email, Li answered that neither them nor their partners have received the message, stating that:

We have not received any official notification, partner banks have not yet received the relevant notification. We are waiting for a confirmation message.

A similar statement has been reported to have been issued by representatives from Okcoin. Despite the lack of clarity on the matter, there is precedence of the PBOC speaking directly with major banks before trickling down information to other financial firms.