Home Cryptocurrency News Cryptocurrency exchange Huobi to clean up existing mainland clients by end-2021

Cryptocurrency exchange Huobi to clean up existing mainland clients by end-2021

1 min read
Comments Off on Cryptocurrency exchange Huobi to clean up existing mainland clients by end-2021
12

A Chinese language flag is seen amongst representations of Bitcoin and different cryptocurrencies on this illustration image taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photograph

BEIJING, Sept 26 (Reuters) – Chinese language cryptocurrency trade Huobi International stated on Sunday it had stopped taking new mainland clients from Friday and would finish contracts with mainland purchasers by the tip of the yr to adjust to native rules.

China’s regulators intensified a crackdown on Friday, banning cryptocurrency transactions and mining, clarifying that abroad exchanges are barred from offering companies to mainland traders through the web.

Huobi International stated in an announcement it should conduct an orderly exit of its current mainland purchasers on the premise that security of their belongings is assured.

Reporting by Cheng Leng, Samuel Shen and Ryan Woo; Enhancing by William Mallard

Our Requirements: The Thomson Reuters Trust Principles.


Source link

Comments are closed.

Check Also

Web 3.0-focused altcoins soar as the need for truly decentralized crypto grows

The cryptocurrency market is abuzz on Oct. 25 because the sight of a number of altcoins hi…