Retracted: After further research bitmex has not halted withdrawals, they disabled withdrawals of users who reset their password for 24 hours which is normal behaviour. It seems multiple people were quoting the same incorrect source.
Read this twitter thread for information on China's crackdown.
https://twitter.com/DoveyWan/status/1197807060877901825?s=19
https://twitter.com/DoveyWan/status/1197807060877901825?s=19
Twitter
Dovey 以德服人 Wan 🗝 🦖
BREAKING 🚨🚨🚨 PBOC Shanghai Head office just made a new regulatory update as “Strengthen regulation and control, clamp down cryptocurrency trading”