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Major crypto exchanges stop letting Chinese users sign up after Beijing's renewed crackdown

September 29, 2021
Source: sott.net sott.net
News Snapshot:
The People's Bank of China [declared all virtual currency-related activities illegal] including trading on Friday. The Chinese central bank also took aim at overseas exchanges providing services to mainland China users. Huobi, one of these exchanges, [said] on Sunday that it would end account registrations for new mainland Chinese users. The company will also gradually retire existing accounts of mainland Chinese users by midnight on Dec. 31, 2021. Meanwhile Binance, one of the world's largest cryptocurrency exchanges, said that account registrations using Chinese mobile phone numbers are now blocked. The Binance app is also no longer available for download in...
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Tags: AIM | app | bank | Bank of China | Beijing | bitcoin | blockchain | blocked | China | Chinese | CNBC | crackdown | crypto | cryptocurrency | currency | digital | download | Economy | finance | financial | fintech | illegal | IT | mobile | mobile phone

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