Mt. Gox is suspending all cash withdrawals in U.S. dollars for the next two weeks, an announcement from the popular bitcoin exchange stated. Officials from the Japan-based exchange cited the rising volume of deposits and withdrawals as the primary factors motivating the decision.
This spike in demand, the company says, has created unnecessary delays for global customers, and is making it difficult for Mt. Gox to process transactions.
“Please be reassured that USD deposits and transfers to Mt. Gox will remain unaffected, as will deposits and withdrawals in other currencies, and we will be resuming USD withdrawals once the process is completed,” the company wrote.
Read the company’s full statement here.
