Chinese exchange OKCoin released a statement today informing users about the updates on KYC/AML policies. Although no clear date for the reactivation of withdrawals has been presented, some are speculating that these may be reactivated on the 23rd of April, the date given by OKCoin with regards to the deactivation of old Bitcoin deposit addresses.
The statement contains information regarding new KYC/AML policies as well as suggestions and guidelines that are meant to boost your trading experience and account security.
The latest statement by OKCoin, along with the emails users received from Huobi, indicates that Chinese exchanges may be gearing up to activate cryptocurrency withdrawals once more. However, both the statement by OKCoin and the emails by Huobi make note of the new KYC policy which will require users to confirm their identity via video verification once a certain limit of deposits is reached, something that can throw off users that want to preserve a certain amount of privacy.
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