Cryptocurrency platform to end transactions

BTC China, one of China's largest online cryptocurrency trading platforms, ended its top-up business at noon on Wednesday, and said it would cease all transactions from noon on Saturday.

The platform said in a statement that the moves are to meet the requirements of a joint announcement by seven government departments released on Sept 14, which asked virtual currency transaction platforms across China to check risk exposure and protect investors' rights.

Investors need to withdraw all the assets by noon on Oct 30, and if they do not want to keep their digital assets, they need to transfer the assets into renminbi before the withdrawal, the announcement said.