Major Chinese bitcoin exchanges, including BTCChina, Huobi and OkCoin have started to allow withdrawals of bitcoin, ending a January freeze. The move followed the People's Bank of China's investigation into the digital currency market, which prompted some exchanges to introduce or update know your customer and anti-money laundering protocols, with more government regulation expected. The ability to withdraw bitcoin came as the currency hit an all-time high of $2,400, a rise of 150% since four-month.
Major Chinese bitcoin exchanges, including BTCChina, Huobi and OkCoin have started to allow withdrawals of bitcoin, ending a four-month freeze. The move followed the People's Bank of China's investigation into the digital currency market, which prompted some exchanges to introduce or update know your customer and anti-money laundering protocols, with more government regulation expected. The ability to withdraw bitcoin came as the currency hit an all-time high of $2,400, a rise of 150% since January.