Published on April 19th, 2017 | by bitcoin0
OKCoin Freezes USD Deposits For Bitcoin Exchange
Chinese digital currency exchange OKCoin has stopped accepting US dollar deposits, a move it attributed to banking issues.
When reached, an online support staffer for OKCoin told CoinDesk that the exchange currently doesn’t have an exact timeline for reactivation.
The exchange told users yesterday that it was working to restore deposit functions through alternative channels.
“Please do not make further deposits as your wires may be rejected by intermediary banks,” a notice posted on the exchange’s website stated.
It also follows the release by OKCoin of beefed up anti-money laundering/know-your-customer requirements on 10th April.