Major cryptocurrency exchanges are cutting ties with users in China following the latest crypto crackdown announcement by the Chinese government. Huobi has stopped letting new users in China sign up for its services while Binance has blocked account registrations using Chinese mobile phone numbers.
Major Crypto Exchanges Stop Signing Up Chinese Users
Following China’s latest crackdown announcement, several cryptocurrency exchanges and service providers said they have begun cutting ties with users in China.
Crypto exchange Huobi announced Sunday that it will “gradually retire existing mainland China users.” The exchange wrote:
To comply with local laws and regulations, Huobi Global has ceased account registration for new users in mainland China, effective September 24, 2021 (UTC+8). Huobi Global will gradually retire existing mainland China user accounts by 24:00 (UTC+8) on Dec 31, 2021.
Huobi Group co-founder Du Jun told Reuters, “On the very day we saw the notice, we started t
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