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OKCoin Restricts Bitcoin Deposits for US Customers
OKCoin has stopped accepting bitcoin deposits from customers in the US, citing regulatory pressure.
By Stan Higgins
Updated Sep 11, 2021, 11:51 a.m. Published Aug 31, 2015, 8:40 p.m.
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OKCoin has stopped accepting bitcoin deposits from customers in the US, citing regulatory pressure.
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US users of the Chinese bitcoin exchange see the following message when trying to make bitcoin, litecoin or US dollar deposits:
"Notes: Due to regulation, we don't accept the charge from the US."
The company called the measure "temporary", but offered few details when asked when the restriction will be lifted. A representative described the situation as "not very clear".
OKCoin head of international Jack Liu offered additional details by email, telling CoinDesk:
"The latest change is part of an internal review we made on our policies and affects Level 1 individuals who self-indicated as US citizens."
Liu suggested the move was voluntary, but provided no additional comment on the situation.
CoinDesk will continue monitoring this developing story.
Correction: An earlier version of this article incorrectly stated that US customers would have access to LTC and USD deposits.
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