EuroTrash
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April 14, 2014, 08:18:27 AM

AFAICTFGTO(*), OKCoin's "recharge codes" allow users to buy CNY from other users.

UserA has CNY in his OKCoin account.  UserB ran out of CNY in his OKCoin account, has CNY in hand but cannot deposit it because the bank routes are blocked (assuming that they will be at some point).  So userB gives CNY to userA in some way (without involving OKCoin and their bank accounts), and userA transfers the same amount minus fees+profit from his OKCoin account to userB's OKCoin account.

If that is correct, this system may convince clients to keep their money in their OKCoin account even after withdrawals are blocked.  Clients like userA could make lots of money from those external "fees". Presumably they will find ways to get CNY in or out of OKCoin without going through the bank accounts.

Perhaps UserA can be OKCoin's CEO, or his cat...

(*) As Far As I Can Tell From Google Translate's Output.

Gox and Stamp used to do that in 2012. They stopped it (or were made to stop it?) because it is easy money laundering.