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:
Can Bitcoin give terminally ill hope?
Price of one Bitcoin to reach $2000 by end of 2014
Crypto broker LH-Crypto has collected $2,500,000 during the pre-ICO
British banks strangle UK crypto-startups
‘North Korea may have up to $210m worth of Bitcoin’ – International expert
Poland puts banking records on the Blockchain
Amazon partners with Kaleido in bid to harness blockchain
KuCoin Cryptocurrency Exchange Platform Is Announcing The Listing Of DACC Today
