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Bitcoin Exchanges Bar Chinese Users Following Ban

September 27, 2021
Source: findaily.pro findaily.pro
News Snapshot:
Two of the world’s biggest bitcoin exchanges have stopped taking users from China in the wake of that country’s complete ban on cryptocurrency, Bloomberg reported. Both Huobi and Binance have ceased accepting new registrations from Chinese users, while Huobi plans to close existing Chinese accounts by the end of the year to comply with China’s new cryptocurrency ban, according to the report. Users from Hong Kong can still sign up on both exchanges, but mainland China is no longer an option for opening a new account, the report stated. “To comply with local laws and regulations, Huobi Global has ceased...
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Tags: ban | bank | Bank of China | bitcoin | blockchain | Bloomberg | boycott | China | Chinese | crypto | cryptocurrency | currency | digital | fintech | fraud | gambling | Hong Kong | illegal | IT | KONG | mobile | monitoring | national security | news | overseas

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