Japanese bitcoin exchange operators to suspend trading
July 19, 2017
TOKYO- Thirteen Japanese bitcoin exchange operators said Tuesday they will suspend deposits and withdrawals of the virtual currency from midnight July 31 (3 p.m. GMT) in order to prevent possible confusion stemming from an expected separation of the trading system.
They aim to protect customers' assets through the trading suspension.
The number of bitcoin users is rapidly increasing partly on the back of low commissions for overseas remittances. But the growing transaction volume has helped increase speculative trading, and the exchange operators are taking longer to execute transactions as a result.
Against the background, some in the bitcoin industry are planning to set up a new system enabling faster transactions, while others are calling for the continued use of the current system. (Jiji Press)
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