Chinese bitcoin exchanges continue prohibiting withdrawals

bitcoin-currency
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