In response to regulatory policy requirements, the BitCola platform (official websites bitcola.io and bitcola.cc) will stop the registration and KYC of new users in mainland China on October 14, 2021. For existing users, orderly clearing and refunding under the premise of ensuring the safety of user assets and sufficient processing time, and officially suspending operations on November 30, 2021, the details of clearing and refunding will be notified to users through announcements, emails, text messages, etc. The specific details of the refund are as follows:
1. Starting from the date of this announcement, trading pairs and deposits will be closed. After October 31, all currencies will not be able to trade. Only the withdrawal function will be retained until November 30, 2021. Users are requested to withdraw their existing assets in their accounts as soon as possible.
2. The platform will officially stop operating on November 30, 2021. After that, users will not be able to access web pages and apps. Assets that have not withdrawn will enter the manual paid custody program. You can only contact and verify your identity through the official email address and apply for asset withdrawal (each Manual processing once a month), due to the large technical and operation and maintenance costs required for custody, the custody management fee shall be charged at a rate of 10% per year for the unwithdrawn assets. If it is less than one year, it will be calculated as one year, and it will be deducted when withdrawing the currency. Users withdraw assets in time to avoid custody fees.
3. Some currencies on the platform will be exchanged for BCB and repurchase will be adopted. The repurchase period is from November 1st to November 15th. Users are requested to sell in time. After November 15th, all currencies will be unavailable for trading. After November 31st, the platform will no longer place orders for repurchase. Users need to bear the responsibility. Asset depreciation losses caused by timely sales.
BitCola thanks every user for their long-term trust and support, thanks!