Leading Chinese bitcoin exchange BTCC has stated that all of its operations are normal and that it has received no official word from the authorities.

Earlier this month, the PBoC launched spot checks on the bitcoin exchanges operating in China to check if they are ensuring compliance with the country’s regulations.

In a blog post dated January 11, BTCC notified users that a group of regulators consisting of the Shanghai branch of the People’s Bank of China, the Shanghai Financial Affairs office, and other related government agencies visited its offices. It said that all operations at BTCC are normal and it continues to actively work with regulators to ensure that it remains compliant.

The company made the statements following recent reports that suggested that the People’s Bank of China found irregularities in the operation of major bitcoin exchanges in the country, including BTCC. It said:

“BTCC has not received any official statement from relevant regulators and we urge our customers to take a rational and cautious view to news articles which speculate on the visit and discussions.

“All operations at BTCC are normal and we continue to actively work with regulators to ensure that we remain compliant.”