Cryptocurrency exchange Huobi to clean up existing mainland clients by the end of 2021


Beijing — China’s cryptocurrency exchange Huobi Global stopped acquiring new mainland customers on Sunday (September 24) and signed contracts with mainland customers by the end of the year to comply with local regulations Announced that it will end.

Chinese regulator Strengthen clamp down On Friday, it banned cryptocurrency trading and mining, revealing that foreign exchanges were banned from serving mainland investors via the Internet.

Huobi Global said in a statement that it would carry out an orderly withdrawal of existing mainland customers on the premise that asset security is guaranteed.

Cheng Leng, Samuel Shen, Ryan Woo