Chineseinvestors.com Inc. (fka CIIX)

[sweet crude]

OKEx to Unfreeze China Bitcoin Trading

OKEx to Unfreeze Bitcoin Trading in China

"On October 31, OKEx will open the world's first C2C trading platform, providing bit-to-point trading services for digital assets such as Bitcoin."

OKEx, an exchange featuring futures and many digital assets, tweeted a mysterious, yet optimistic message, suggesting there may be ways for the platform to resume work:

The initial news on OKEx resuming exchanges between Bitcoin and the Chinese Yuan came from CNLedger, a generally respected source on cryptocurrencies in China. On October 31, CNLedger tweeted:

OkEx (and likely, Huobi-Pro) will soon launch P2P bitcoin tradings with various fiat currency support.
2:21 AM - Oct 30, 2017

The announcements for a new form of operations come right after OKEx announced it would cease operations, per the demands of the Chinese government. But while exchanges in China are on the final day of their grace period, many may have discovered new ways to operate from Hong Kong or Japan.

Exchanges, if they work again, would have to comply with anti-money-laundering procedures and set up a know-your-customer verification process. The Chinese exchanges were much more liberal compared to European ones, and some US-based exchanges have tightened their verification procedures as well.

https://cryptovest.com/news/okex-to-unfreeze-bitcoin-trading-in-china/