Published on September 15th, 2017 | by bitcoin0
By the end of October, Huobi and OKCoin will cease Yuan to Bicoin trading
Chinese bitcoin exchanges Huobi and OKCoin – two of the country’s “Big Three” markets – have announced that they will halt yuan-denominated trading by the end of October.
The twin statements indicate that, at least for now, the exchanges will continue to offer cryptocurrency-to-cryptocurrency trading services.
According to Huobi and OKCoin, definitive information about the trading suspension will be circulated to users before September 30.
In the wake of BTCC’s closure yesterday, both Huobi and OKCoin said that they had not received any notices or instructions to close.
The move to halt yuan-to-crypto trading represents a new phase in the ongoing saga around cryptocurrency regulation in China.