Bitcoin Exchange Huobi To Retire Existing Mainland China Users
The company said that its platform would not be serving any user from China by the end of the year.Huobi said in a statement that it is not accepting registration of new accounts for Mainland China users.Existing accounts from users in that region will be gradually phased out by December 31, 2021.Huobi said it would “ensure the safety of users’ assets,” but it hasn’t detailed its plans for acting on that promise.The move comes after China instituted a renewed ban on Bitcoin and cryptocurrencies last week.Bitcoin exchange Huobi will gradually retire existing users in Mainland China and has....
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Top Crypto Exchange Huobi Global has said it will suspend all China-based user accounts later this year. The exchange said in an announcement on Sunday that it has discontinued account registration for new users in Mainland China. This event comes after China’s central bank intensifies its crackdown on crypto activities. Last week, China intensified a crackdown on cryptocurrencies. […]
CoinEx previously blocked access and terminated the registration of new users from mainland China in March 2019. CoinEx cryptocurrency exchange is winding down operations in mainland China to comply with local anti-crypto regulations.The company officially announced on Thursday that it was going to completely retire user accounts verified as mainland China citizens as well as those linked to a mobile phone number from mainland China.The exchange has asked mainland China-based users to withdraw their crypto assets from the platform before Oct. 31, 2021. CoinEx then plans to disable accounts....
Following the latest statements from China’s central bank concerning cryptocurrencies and offshore crypto exchanges, massive amounts of funds have been moving onchain. On September 26, at approximately 1:00 a.m. (UTC) 72,999 BTC or $3.1 billion in bitcoin was dispersed to unknown wallets.
Huobi to Gradually Retire Mainland China Users, 800K Ether Move from Huobi to an Unknown Wallet
Word around the crypto campfire is that offshore exchanges near China are seeing massive amounts of crypto transfers during the last few days. For instance, theblockcrypto.com writer Wolfie....
Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic Crypto exchange Huobi Global is going to discontinue services for users based in mainland China this month. In a statement quoted by the English-language Chinese TV channel CGTN, the company announced on Sunday that starting from 11:00 a.m. Beijing time on Dec. 14, users in the People’s....
Is the China ban to blame for the recent Bitcoin sell-offs that brought down the whole crypto market? That is the prevalent theory. As the main exchanges close their operations in mainland China, the citizens have been fearfully selling their assets. They don’t know if they’re going to be able to transact or even sell their cryptocurrencies in the future, so they’re going back to the Yuan. And we have charts from Arcane Research and a carrot to prove that. Related Reading | Is This The Reason China Banned Bitcoin Mining? Carvalho’s Mind Blowing Theory Let’s stop wasting time and go....