Earlier this month, Chinese bitcoin and litecoin exchange FXBTC announced it would be shutting down due to increased regulatory pressure from the People’s Bank of China. In an attempt to prevent customer losses from the inability to access its accounts, the exchange moved quickly and strongly urged all customers to withdraw their funds as soon […]

Citing new regulatory pressures on bitcoin-related banking, Chinese bitcoin exchange FXBTC announced it will be closing down next week. Although bitcoin exchanges remain legal in the country, the People’s Bank of China (PBoC) has been pressuring the country’s banks to close the accounts of bitcoin business, leaving users with no easy way to deposit or […]