OKCoin Restricts Bitcoin Deposits for US Customers

OKCoin has stopped accepting bitcoin deposits from customers in the US, citing regulatory pressure.

AccessTimeIconAug 31, 2015 at 8:40 p.m. UTC
Updated Aug 18, 2021 at 4:09 p.m. UTC

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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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