Hong Kong exchange BitZ announced the termination of customer service in China. The site begins the withdrawal process in three stages.
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official statement the platform is said to have stopped registering new customers due to regulatory restrictions in the country. Chinese users who are already registered on BitZ will be able to withdraw money to other exchanges and wallets by October 21, the team said.
From October 8, the exchange will stop accepting deposits from users from all regions of China. They will only be able to trade and withdraw funds. On October 14, trading will be terminated and outstanding trades will be automatically closed at market value. From October 21, access to the site will be blocked, it will be possible to withdraw the main assets, bitcoins, ethers and USDT only by mail after confirming the identity.
BitZ (BZ) and DKKT tokens will be redeemed by the platform from 8 to 21 October. If users do not withdraw money on time, they will incur losses, since access to the platform will be closed.
Recall that on September 30, another exchange, Huobi Global, ceased operations in China and withdrew client funds from the sanctions of the regulator.
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