Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jonoiv
on 10/04/2014, 06:40:01 UTC
Thanks. Now anyone have a better translation? haha

This may help:
Fire coin = Huobi (Google Translate may insert other words between those two)
Fire currency = ditto
"user ICBC account withdrawals" = perhaps "withdrawals by users with an ICBC account"

I understand that their ICBC branch received at 10:00 an order from upper management to close Huobi's corporate account by April 18.  There is no room for negotiation. ICBC does not know about other banks, they may be delaying because of different interpretations etc.  Until the deadline Huobi can move money to other banks but not to other ICBC accounts.  

the ICBC is the Industrial and Commercial Bank of China.  (state-owned ) in case anyone wondered.