Payment by BTM in Yuchi mine

From the moment bitcoin was born, it was worthless, then it was stir fried, and then it was stopped by the supervision. It's really a roller coaster story. The news of the closing of bitcoin trading platform is increasingly true, and the regulatory authorities have made a conclusion on domestic bitcoin trading platforms: "bitcoin China will shut down and withdraw from the market in the near future." So, can bitcoin investors withdraw cash

bitcoin China will be shut down

bitcoin China will be shut down: Xiaobian learned from multiple sources that bitcoin trading platform will be shut down at the end of September. Regulators close to the local Internet Finance rectification office told China first finance and economics reporters on September 14 that the regulatory authorities have reached a conclusion on the domestic bitcoin trading platform: "all of them will be shut down, and they will withdraw from the market in the near future."

Xiaobian then learned from the sources of Shanghai financial office that Shanghai has begun to issue "verbal instructions" to several bitcoin trading platforms under its jurisdiction, shut down the trading platforms and make them withdraw from the market. The time node is set at the end of September

as for the stock business of the platform, a person from a bitcoin platform told the reporter of China first finance and economics that the regulatory requirement is to "negotiate with the platform and customers". The above-mentioned sources close to the regulation also said that the regulatory requirements should be solved smoothly and properly, but the overall strength is relatively large this time

the voice of bitcoin China on the evening of September 14 confirms the above news. The official microblog announced that bitcoin China digital asset trading platform will stop new user registration from the same day; On September 30, 2017, the digital asset trading platform will stop all trading businesses. Bitcoin China's mining pool (national pool) and other businesses will not be affected

can bitcoin investors withdraw cash

first of all, before the implementation of regulatory policies, it is still possible to withdraw cash on the platform and convert bitcoin into RMB. In addition, if the policy is implemented, cash withdrawal can be completed in other international exchanges, such as the US dollar. According to the existing notice, if the virtual currency trading platform announces to suspend the exchange between legal tender and virtual currency, investors who have purchased virtual currencies such as bitcoin will not be able to withdraw RMB cash for the time being, an instry source said

however, cash withdrawal can be completed in other international exchanges, such as the US dollar. Take bitcoin as an example, you can transfer the bitcoin purchased on the domestic virtual currency trading platform to the bitcoin wallet, and then complete the withdrawal in the overseas virtual currency exchange. At the same time, cash can be withdrawn through the over-the-counter channel. According to the analysis of instry insiders, the over-the-counter trading channel between bitcoin and RMB (i.e. not trading through the platform) has not been blocked