Crypto Exchange Huobi To Clean Up Existing Mainland Clients
Chinese regulators on Friday intensified action at https://www.reuters.com/world/china/china-central-bank-vows-crackdown-cryptocurrency-trading-2021-09-24 Banning cryptocurrency trading and mining It clarified that exchanges abroad have been barred from providing services to mainland investors through the Internet.
Huobi Global said in a statement that it will conduct a systematic exit of its existing mainland customers on the basis that the security of their assets is guaranteed.
(Reporting by Cheng Leng, Samuel Shen and Ryan Woo; Editing by William Mallard)
(Only the title and image in this report may have been reworked by Business Standard staff; the rest of the content is generated automatically from a syndicated feed.)
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