China's three largest bitcoin platform recovery coins

Since early February this year a number of bitcoin platform open and close the transaction fees, suspend the currency, known as the three OKCoin bitcoin trading platform, bitcoin China, fire currency network currently has recovered currency.
Although the aforementioned platforms have opted for a low-key treatment, the announcement has not yet been released to recover money, but platform stakeholders are to finance new reporters affirmed this statement. At this point, recovery coins also means that the platform's anti money laundering system upgrade nearing completion.
China's three largest bitcoin platform recovery coins, competing currency superior
At the beginning of this year, the central bank Chinese interviewed a number of bitcoin platform, and put forward clear requirements: not engaged in illegal financing currency and other financial business, shall not participate in money laundering activities, shall not violate the relevant national anti money laundering, foreign exchange management and payment and settlement of financial laws and regulations.
A number of bitcoin trading platform subsequently issued a notice, saying that in order to guard against illegal activities through bitcoin, may take restrictions on raising money, trading, freezing of suspicious assets and other measures. Some bitcoin platforms have taken further measures to upgrade the platform anti money laundering system, and suspend the money raising business. (see Caixin, "a number of bitcoin platforms, transaction fees, suspend the currency")
Bitcoin withdrawals refers to bitcoin from the platform. Stakeholders in a platform to the new financial reporters, upgrade the system, the main purpose is to limit the currency in order to avoid illegal transactions continue to occur before the upgrade, mainly related to money laundering, specifically mentioned supervision and payment and settlement of three types of illegal foreign exchange.
China's three largest bitcoin platform recovery coins, competing currency superior
Fire currency network, said the current platform has completed the upgrade of anti money laundering system, but also learn from the global regulatory experience, and industry counterparts to explore the development of industry standards. The new anti money laundering system will be more stringent monitoring of user behavior, more effectively reduce the risk of money laundering, but also to protect the rights and interests of users. In view of this, the fire currency network gradually recover currency business.
Bitcoin Chinese stakeholders also told Caixin reporter, the platform's anti money laundering system upgrade is nearing completion, the current recovery of coins for the trial run stage, will continue to strictly enforce the user's audit. Many close to OKCoin also said that the platform has been recovered coins.
"Recovery coins will bring more liquidity to the market, in the short term, the market will experience a digestive adjustment process of change hands, in the medium and long term, regulatory landing will have a positive impact on the market."." Zhang Jun, a senior researcher at the Institute for strategic studies, said.
But she also pointed out that the recovery of currency for the trading platform, the increase in workload, especially some of the platform just to restore the currency in less than 12 hours, then users began to reflect currency hours failed to account, the bitcoin network at present because of technical limitations, there is a serious congestion.
China's three largest bitcoin platform recovery coins, competing currency superior
Recently, bitcoin rose sharply, the volatility is dramatic. In mid May, bitcoin prices began to break through 10 thousand yuan, and then began to boom, until May 25th, the highest value has exceeded 19 thousand yuan. But in the next two days, bitcoin suddenly fell more than 30%, down to 14 thousand yuan. Up to now, the price of bitcoin rebounded to around 17 thousand yuan.
It is worth noting that, for a long time, bitcoin occupies the dominant position in the world's hundreds of virtual digital currencies, reflected in its market value of long-term virtual currency market capitalization of about 90%. But according to the national Internet financial security technology expert committee released in April "bitcoin transaction monitoring report", the recent market capitalization rose significantly ahead of other currency bitcoin, particularly Ethernet square, Wright currency competition, reboxetine currency currency rise rapidly, trading activity is also significantly improved, resulting in bitcoin market capitalization accounted for significantly drop. As of the end of 4, bitcoin market capitalization accounted for 62.3%.