The Hong Kong-based digital currency exchange OKEx introduced a slew of policy changes including a daily withdrawal cap, limited use of an account, and a ban on unverified withdrawals, a report indicated.
OKEx said the new policy commenced Tuesday as it advised its partner platforms about changes that will be based on a tiered verification KYC (know your customer) system.
The move comes after a series of further regulation tightening in China, the report added.
In September 2017, the Chinese government banned initial coin offerings (ICOs) and stopped Bitcoin trading in renminbi (RMB), thus ending a lucrative opportunity for the...
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