Chinese bitcoin exchanges continue prohibiting withdrawals

China's bitcoin exchanges look to PBoC for regulatory framework

Chinese bitcoin exchanges are still barring customers from withdrawing hard currency based on their virtual balances, following a statement by a director from the People’s Bank of China (PBoC). The exchanges stopped offering such services in the wake of a series of PBoC inspections in January, but they said in February they intended to return withdrawal services to customers again soon. However, in a translated statement reproduced by local news resource cnLedger published on March 7, Zhou