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Crypto ban: Huobi terminates operation in China

September 26, 2021
Source: cryptopolitan.com cryptopolitan.com
News Snapshot:
TL;DR Breakdown - Huobi stops servicing users in China amidst crypto ban. - Other exchanges may soon stopservicing users in China. - Price fall after crackdown in China minimal. Amidst the intensified effort on crypto ban in China, Huobi exchange has terminated serving crypto users in the country. The exchange firm said to be the largest in the country has not made a formal announcement to this, however, it stopped new registrations for domestic users in compliance with Beijing’s latest crypto ban effort. As it is, users can no longer register a new account with Chinese phone numbers after the...
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Tags: ban | bank | Bank of China | bitcoin | blockchain | boycott | China | Chinese | court | crackdown | crypto | electric vehicle | Elon Musk | finance | financial | fintech | government | Hong Kong | IT | KONG | payment | phone | service | Tesla

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