The limited purpose trust company charter awarded to itBit allows the company to commence its virtual
currency operations immediately, sidestepping the soon - to - be-announced final BitLicense framework.
OKCoin Bank will suspend the Bitcoin and LET Coin [sic] Refinancing
operations from the moment; Renminbi recharge and cash withdrawal and other businesses will not be affected, Customers need to withdraw the funds, can be sold into the RMB cash withdrawal, all customers of the security of funds will not be affected; System implementation is complete
immediately after the resumption of Bitcoin, Laite [sic] coin
currency services, industry standards and implementation time is expected to (take) 1 month.
The latest reports claimed that authorities have already mandated Beijing - based virtual
currency exchanges to stop their trading
operations and
immediately inform clients about their closures.