Thirteen members of the group's bitcoin exchanges, including Coincheck, Gmo-Z, Bitbank, and Bitpoint, will suspend the deposit and withdrawal of bitcoin on August 1 at 00:00 Japanese time.
Suspension of Bitcoin Deposits and Withdrawals
The Japan Cryptocurrency Business Association (JCBA), formerly known as the Virtual Currency Business Study Group, announced on Tuesday its official plan for August 1.
Thirteen bitcoin exchange members of the association have agreed on how to deal with the possibility of a Bitcoin protocol split, which is expected on August 1 at 9:00 am Japan time, the JCBA detailed. “The occurrence of forking affects the transmission and receipt of bitcoins by all bitcoin users, and it is expected that all related virtual currency exchange operators and service providers will be seriously affected.”
The exchanges have collectively declared:
Currently, the following 13 bitcoin exchanges are members of the JCBA that have agreed to this plan.
Bitbank Inc.
Bitpoint Japan Co. Ltd.
Quoine Co. Ltd.
Fisco Cryptocurrency Exchange Inc.
Coincheck Co. Ltd.
Btc Box Co. Ltd.
Tech Bureau Co. Ltd. (Zaif Exchange)
GMO-Z.com Coin Co. Ltd.
Campfire Corporation
Bit Trade Co. Ltd.
Bitcrements Bitcoin Exchange
Tokyo Bitcoin Co. Ltd.
Minnano Bitcoin
Japan’s largest bitcoin exchange by volume, Bitflyer, is not among the list of members of the association. According to a July 13 article by Nikkei, the exchange has not decided on a plan for the possible disruption, but is expected to come out with one this week.
Applicable Dates and Times
The suspensions will commence on August 1, 2017, at 00:00 Japan time. However, the JCBA warns that “in the event of the fork happening sooner than Aug 1, the suspension date/time may be advanced depending on the situation.”
The official service restart date and time following the network disruption is still “undecided,” the association noted, adding that.
Let's hope it'll be like y2k where the world was going to end, but then it didn't!
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Interesting news, of course on August 1st there will be uncertainty in the air..
I'm following you :)
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where is the source @daya! Any way i am following you because i like the content!
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We really do need to see a reference to your source, this is massive new information that needs to be verified. Thank you for sharing with us though.
Please Please can we have the source ASAP?
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