Bitcoin Falls; China Exchange Huobi.com Suspends Withdrawals
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Bitcoin prices fall as much as 10% in the U.S., set for biggest decline in 4 weeks.
Alert: HALISTER1- China bitcoin trading platform Huobi.com suspends withdrawals of bitoin and litecoin during system upgrade, it says in statement on website.
- System upgrade to prevent illegal activities including money laundering, currency conversion, pyramid sales
- To restore withdrawals after upgrade, which is expected to take as long as 1 month
- NOTE: Feb. 8, PBOC Bans Bitcoin Exchanges from Financing, Money Laundering
Source: BFW (Bloomberg First Word)
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UUID: 7947283