Cryptocurrency exchange Huobi will clear existing mainland customers by the end of 2021

Texas News Today

An expression of the bitcoin cryptocurrency can be seen in the Chinese flag in this illustrated photo taken on September 27, 2021. Reuters / Florenslow / Illustration

September 27, 2021

BEIJING (Reuters) – Chinese cryptocurrency exchange Huobi Global announced on Sunday that it will stop receiving new customers on the mainland from Friday and contracts with customers on the mainland until the end of the year to comply with local regulations. will terminate. ..

Chinese regulators took strict action on Friday banning cryptocurrency trading and mining, revealing that forex has been banned from serving mainland investors under the Internet.

Huobi Global said in a statement that it will withdraw existing mainland customers on the basis that the assets are safe.

(Reporting by Cheng Leng, Samuel Shen, Ryan Woo, Edited by William Mallard)

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