Official News 09.02.2017 Regarding the work of Bitcoin platforms

Discussion in 'MMM China - English' started by Zeng Lee, Feb 24, 2017.

  1. Zeng Lee

    Zeng Lee Member

    Dear participants,

    As you know, due to the spot checks of Bitcoin exchanges the Chinese government has launched, approximately for a month (provisional terms that can be extended), the operation of the main Bitcoin exchanges has been suspended (see details). As a result, some exchanges forbade Bitcoins transfer and others put limits.

    What to do in this situation?

    First of all calm down as there is nothing terrible in it. All you need to do is to use another Bitcoin platform.

    If this news has affected the operation of the exchange you used to work with, and you can’t use it to pay your orders in MMM any more, we recommend you to use LocalBitcoins service —

    The service offers to exchange yuan and Bitcoins directly without intermediaries. No one including the government has control over this service. There haven’t been any changes in the work of LocalBitcoins.

    LocalBitcoins Instruction:

    Besides, you can keep on using (although with several restrictions):



    As an additional measure, we prolong all the current Bitcoin orders for 72 hours so that you will have time to verify your new account, get insight into the other exchanges operation, transfer your Bitcoins from one exchange to another.

    We also temporarily increase the time limit for paying bitcoin orders up to 120 hours (5 days).

    Should you have any questions, do not hesitate to get in touch with our consultants from the Bitcoin service. They will explain everything to you — ;-))

    Kind regards,
    MMM Administration
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