OKCoin and Huobi to Freeze Bitcoin Withdrawals, Raises Concerns about Centralized Platforms

OKCoin and Huobi to Freeze Bitcoin Withdrawals, Raises Concerns about Centralized Platforms

Bitcoin is a decentralized currency, but most Bitcoin exchanges aren’t. The drawbacks of such a model are now being witnessed firsthand by the Chinese cryptocurrency community. The leading Bitcoin exchanges in the region, OKCoin and Huobi are planning to stop their customers from withdrawing bitcoin from their respective accounts. The new measures implemented by two …

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