Japanese Bitcoin exchange CoinCheck has temporarily suspended a large proportion of customer withdrawals due to the Metropolitan Police Department freezing their main bank account.
The exchange currently utilises the services of three banks in Japan, but cited in a company announcement that their main bank ‘Rakuten bank’ held the lions share of customer funds.
It is not yet clear why the police have frozen the exchange’s bank account as they are waiting for an official response.
Bitcoin is currently trading at 1,348.89 CNY
CoinCheck launched in September 2014 and has ambitious plans to capture the Japanese Bitcoin scene.
Related posts:
Interview with Tomas Alvarez CEO of Coincove
CEX.IO pushes update to harden exchange security
XBT Provider announces agreement with Bitcoin firm Xapo
The Spanish taxman wants your crypto trading data
IOTA (MIOTA) Ledger support coming soon!
Investors pile-in for blockchain streaming start-up
WatermelonBlock partners with IBM Watson using its supercomputer to let crypto investors know what t...
Pundi X technology to debut in the Gulf and Middle East following partnership with ebooc
