Crypto Exchange Huobi To Clean Up Existing Mainland Clients

Crypto Exchange Huobi To Clean Up Existing Mainland Clients

BEIJING (Reuters) – Chinese cryptocurrency exchange Huobi Global said on Sunday that it has stopped accepting new mainland customers from Friday and will terminate contracts with mainland customers by the end of the year to comply with local regulations. .

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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