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Huobi Suspends Crypto Services in Singapore

Crypto Exchange giant, Huobi has announced yet another closure. This time around Houbi revealed that it will be suspending its crypto services in Singapore in lieu of increasing regulatory oversight. According to the exchange platform, the company has added Singapore to its “restricted jurisdiction” list to further comply with the country’s laws around digital assets. The phased shutdown of Huobi in Singapore will be completed by the end of March next year. The company has suggested its Singapore customers, to begin liquidating and closing their accounts before March 31, 2022.
“We will be closing the accounts of all Singapore-based users on March 31, 2022. Access to our services by Singapore-based users will also be gradually phased out prior to March 31, 2022. All Singapore-based users should take immediate action to close out all active positions and withdraw all digital assets before March 31, 2022. We apologize for any inconvenience caused and thank you for your past suppor

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