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China Sees Exodus of Cryptocurrency Exchanges as 2021 Draws to a Close

December 8, 2021
Source: chinabankingnews.com chinabankingnews.com
News Snapshot:
At least 15 cryptocurrency exchanges have announced their complete withdrawal from the mainland Chinese market amidst an intensifying crackdown on virtual currency trading that first kicked off several years ago. These 15 cryptocurrency exchanges include Bi’an (??), Bitget, Kucoin, MEXC, Pioniex, and Huobi Global (?????, all of whom have announced that they will withdraw services for mainland Chinese clients this month. Over the past several months other platforms including BitMart, Bione, Biki, AEC, Hbtc, Coinex and CoinBene withdrew from the mainland Chinese market, in response to the launch of tighter regulation by authorities. On 24 September the Chinese central bank...
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Tags: bank | bitcoin | blockchain | China | Chinese | crackdown | crypto | cryptocurrency | currency | finance | financial | fintech | illegal | Internet | LED | regulation | technology | virtual currency

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