Editor’s note: A version of this post by Yin Yi first appeared on Yicai Global, the English-language financial news service of Shanghai Media Group. Yicai Global is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal.
China’s three major bitcoin trading platforms — Huobi.com, Okcoin.cn, and Btcchina.com — are ending a withdrawal freeze after upgrading anti-money laundering systems.
OKCoin started testing withdrawals on May 31, allowing customers to take out up to 20 bitcoin and 200 litecoin a day, the platform told Yicai Global. Huobi resumed withdrawals on June 1, allowing users to pull out a maximum of 50 bitcoin per day. Btcchina said it will resume withdrawals after its new risk control system passes tests.
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