Published on April 19th, 2017 | by bitcoin0
Now OKCoin Freezes Inbound Wire Transfers
Following Bitfinex’s freezing of wire transfers, major Chinese exchange OKCoin has followed suit, requesting customers to stop sending in fiat.
A circular to customers reproduced on Reddit states:
“Starting from today (April 18, 2017), Okcoin would temporarily suspend USD deposit because of the issues with intermediary banks.
Please do not make further deposit [sic] because your wires may be rejected by intermediary banks.
Accordingly, we ask customers to avoid sending incoming wires to us until further notice, effective immediately.”
OKCoin’s announcement contains very similar language.
The developments continue uncertainty in the Chinese market over the ability of exchanges to function in their full capacity.