Leading China-based cryptocurrency exchange BTCC has stopped all domestic trading activities, CoinDesk reported.

The startup officially suspended all local trading in yuan and cryptocurrencies on September 30. It had already stopped accepting deposits on September 27, and has urged China-based users to withdraw their funds from its platform before the end of October.

However, BTCC will continue its operations outside China. It has also confirmed that there would be no affect on its mining pool operations.

The latest announcement follows an official statement from the Chinese authorities on September 04, which called for an immediate cease of all initial coin offering (ICO) activities in the country.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest