The Japanese Suspend Bitcoin Transactions For August 1
July 13, 2017

The Japanese Suspend Bitcoin Transactions

Thirteen members of The Japan Cryptocurrency Business Association (JCBA) confirmed their plan to suspend Bitcoin operations on August 1. The agreement was reached because of the chance of Bitcoin protocol being split on August 1 at 9:00 am Japan time. The following bitcoin exchanges confirmed the agreement:

13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1Bitbank Inc.

  1. 1Bitbank Inc.
  2. Bitpoint Japan Co. Ltd.
  3. Quoine Co. Ltd.
  4. Fisco Cryptocurrency Exchange Inc.
  5. Coincheck Co. Ltd.
  6. Btc Box Co. Ltd.
  7. Tech Bureau Co. Ltd. (Zaif Exchange)
  8. GMO-Z.com Coin Co. Ltd.
  9. Campfire Corporation
  10. Bit Trade Co. Ltd.
  11. Bitcrements Bitcoin Exchange
  12. Tokyo Bitcoin Co. Ltd.
  13. Minnano Bitcoin

Bitflyer – the largest bitcoin exchange in Japan, didn’t confirm whether they will participate or not. However, according to numerous rumors, they will come to a decision with one this week.

Why and How It May Happen

The suspension is expected on August 1, 2017, at 00:00 Japan time. Nonetheless, the JCBA suggests that “in the event of the fork happening sooner than Aug 1, the suspension date/time may be advanced depending on the situation.”

It is not clear yet when service will start working again. The association assumes that the acceptance of bitcoins and the resumption of withdrawals will start by 16:00 August 4, 2017 (Japan time).

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