China Crypto Roundup: CBDC Highlighted Again, Binance Inching Back to Asia

Apr 7, 2020

In recent Chinese cryptocurrency news: the digital yuan was highlighted again in the central bank’s annual meeting this year, at almost the same time, the PBoC-backed internet finance regulatory organization issued a warning against virtual currency. Crypto exchanges keep expanding while seek...

OKCoin Founder Star Xu May Seek Backdoor IPO by Acquiring a Hong Kong-Listed Company

Jan 18, 2019

Star Xu, founder of world’s leading cryptocurrency exchange OKCoin/OKEx, may be seeking a possible backdoor listing by buying a majority stake of a Hong Kong-listed company. According to shareholding disclosures shown on Hong Kong Stock Exchange (HKEX), Star Xu (Xu Mingxi...

OKCoin’s Xu Star Denial his Correlation with OKEx after Released from Police Custody

Sep 14, 2018

Star Xu, the founder of OKCoin and OKEx, the world’s largest cryptocurrency exchange, has been released from the police station on September 11 evening after 24 hours assisting an investigation into a fraudulent scheme. As of press time, those investors are still holding right protection ...

OKCoin Founder Star Xu was Taken by Chinese Police for Investigation over Crypto Fraud Case

Sep 12, 2018

September 10, Mingxing Xu, better known as Star Xu, the founder of the world’s largest cryptocurrency exchange OKCoin, was reported to be taken by Shanghai police into custody for voluntary questioning as he is suspected of being involved in a cryptocurrency fraud case, according to Caili...

‘Who Moved My 38.748 BCH?’ The First Lawsuit in China Initiated By a Bitcoin Fork

Aug 2, 2018

A crypto investor recently brought a lawsuit against the crypto exchange OKCoin for a bitcoin fork in the Beijing court. It is the first lawsuit related to a bitcoin fork in the country, according to Legal Weekly. The plaintiff claimed the equivalent amount of bitcoin cash (BCH) tha...

OKCoin CEO: Innovation Doesn’t Evolve In a Straight Line

Sep 14, 2017

Tencent Technology reports that the authority decides to shut down all Bitcoin exchanges that register in mainland China. Star Xu, CEO of OKCoin, comforts the staff that the Company is actively seeking non-fiat business and application for license in Japan, Korea and USA is ongoing...

OKCoin Refutes Investing Client Funds Into “Wealth Management Products” Claims

Aug 25, 2017

One of China’s biggest digital currency exchanges has refuted claims it used clients’ funds to invest in financial products deemed risky. According to state newswire Xinhua in an August 17 report, both Huobi and OKCoin exchanges reportedly invested around 1 billion yuan ($150 million) ...

OKCoin halted btc transfer from domestic account to international account

Feb 28, 2017

According to an 8btc forum post today,  a previous rumour turns out to be true that OKCoin have suspended transfer of bitcoin from its domestic site to international site, where bitcoin futures trade is hosted. The OP said that: (We are) informed today and the news had been circulated y...

Bitcoin trading in yuan drops as new transaction fees by exchanges take effect

Jan 24, 2017

Following the commencement of the move to start charging transaction fees by China’s BTCC, OKcoin and Huobi on Tuesday January in response to PBoC’s requirement to eliminate margin trading service, Bitcoin trading volume in Chinese yuan has dropped to its lowest for the year. A...

Chinese Exchanges consider to split Bitcoin to appease PBOC and attract more users

Jan 23, 2017

As Chinese exchanges will begin to charge service fees for transactions on their platforms starting Tuesday January 24, they seem to have devised a way to split Bitcoin into a more usable form associating its divisibility with the parity it has with fiat money. The move to charge both mar...