Suspend Bitcoin Exchange Service on August 1? 13 Japanese Exchanges Agrees!

The Japan Cryptocurrency Business Association has officially announced that the group’s bitcoin exchange members, will suspend bitcoin deposits and withdrawals on August 1 at 00:00 Japan time.

The Japan Cryptocurrency Business Association (JCBA), announced on Tuesday its official plan for August 1 Bitcoin Split. or the Hard Fork.

Thirteen bitcoin exchange members of the association have agreed on how to deal with the Bitcoin protocol split. Many people believe that it is scheduled to happen on August 1. The JCBA said, “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.

1. Bitbank 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

Applicable Dates and Times:

The suspensions will commence on August 1, 2017, at 00:00 Japan time. But if the fork happens beforer Aug 1, the suspension date/time may be advanced depending on the situation!

It seems like the official service restart date and time is still “undecided,” the association noted, adding that :

What do you think about the JCBA’s plan to deal with the upcoming disruption? Let us know in the comments section below.

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