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Suspension Lifted: Japanese Exchanges and Merchants Resume Bitcoin Services


Japanese exchanges have resumed bitcoin deposits and withdrawals after suspending them on July 23. These exchanges are members of the Japan Cryptocurrency Business Association (JCBA). Merchant services were also suspended, causing Japanese retailers to halt taking bitcoin payments during that time.

Also read: Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1

The July 23 Suspension Lifted

Thirteen Japanese bitcoin exchange, members of the Japan Cryptocurrency Business Association (JCBA), halted their bitcoin services on July 23, after BIP91 was locked in three days prior. All exchange members followed through with the suspension of bitcoin deposits and withdrawals as well as any payment services they offer.

On Monday, the JCBA issued a statement canceling the precautionary suspension. Stating that 24 hours have passed since the suspension began, the association wrote “so far concerns of the occurrence of a split that interferes with the operation of the blockchain was not recognized,” adding that:

As for the stop measures for accepting and withdrawing bitcoins, we decided to cancel the suspension based on the judgment of each member at this time, and already some members have resumed bitcoin deposits and withdrawals.

Some exchanges were planning to halt bitcoin service longer. Bitpoint, for example, suspended bitcoin services at 13:45 Japan time on July 23. The exchange originally planned to resume its bitcoin services at 16:00 on Jul...

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