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Even if Bitcoin rises and falls, the price of one Bitcoin is still tens of thousands. Today, let’s talk about what does it mean if your Bitcoin is frozen? It means heavy losses, then When does freezing usually occur? The editor will analyze this matter carefully for you friends below!

Why is Bitcoin frozen? Recently, the editor heard that many friends’ Bitcoin Cash accounts have been frozen. The editor is very confused, why? I have been collecting some Bitcoin issues for everyone, but I have ignored this point. So today the editor will give you a detailed analysis of the reasons why Bitcoin is frozen.

Since the price of Bitcoin skyrocketed in 2017, many investors have focused on Bitcoin trading. But recently, there have been reports that Bitcoin trading accounts have been frozen by the four major banks in India. Does this mean that Bitcoin cannot be traded? The following is the relevant content, I hope it can help everyone.

According to news on January 21, the skyrocketing price of Bitcoin last year has caused more and more regulatory authorities and financial institutions to worry. Foreign media reports indicate that four major banks in India have frozen major accounts in India.

The four banks in India mentioned by foreign media in reports are Tongxin Bank, HDFC Bank, YES Bank and ICICI Bank. They are all very high-ranking private banks in India. Among them, ICICI Bank is still the The second largest bank and the largest private sector bank in India.

Judging from the bank's news, they froze the account of the Bitcoin trading platform because of suspicious transactions. However, the four banks in India froze the accounts of Bitcoin trading platforms very suddenly. They did not notify the relevant Bitcoin trading platforms before freezing. The accounts of the relevant Bitcoin trading platforms in these four banks were frozen overnight. was affected.

In addition to freezing the accounts of major Indian Bitcoin trading platforms, Indian commercial banks also require Bitcoin trading platforms to increase collateral, which is also a big test for Indian Bitcoin trading platforms.

In the eyes of foreign media, it is unusual for four major banks including Tongxin Bank in India to freeze the accounts of Bitcoin trading platforms. It is rare for four banks to act at the same time. Foreign media believe that this may just be the case of Bitcoin and other cryptocurrencies in India. The first step to collapse.

Although the major Bitcoin trading platforms have been affected by the freezing of accounts by four major banks in India, and it is unclear how the matter will eventually develop, no Bitcoin trading platform has plans to stop trading soon.

Why is Bitcoin frozen? The above is an analysis of the reasons why Bitcoin is frozen. In fact, Bitcoin is generally not frozen, but if transactions are conducted in violation of regulations, or if the country’s trading rules are not followed, then it will definitely be frozen, so everyone must Comply with all the rules, only in this way can you conduct transactions safely and avoid the tragedy of being frozen!