China’s recent policy of pressure on Bitcoin and cryptocurrencies has begun to bear results. Huobi exchange, which is among the largest exchanges serving mainly Chinese customers, announced that it has decided to expand its actions by publishing an official announcement.
Huobi stopped opening new accounts for Chinese users after China’s bans. In the new announcement, it was stated that by going beyond this, the accounts of old users will be closed gradually.
The explanation is as follows:
“Dear Users,
To comply with local laws and regulations, Huobi Global has stopped account registration for new users in China as of September 24, 2021.
Huobi Global will gradually phase out existing Chinese user accounts and ensure the security of users’ assets until December 31, 2021 at 24:00 (UTC+8). Official announcements, emails, text messages, etc. We will notify users about certain regulations and details through
Huobi Global has always been committed to providing digital asset trading services and ensuring the security of client assets while following all applicable laws. We apologize for the inconvenience and thank you for your understanding and support!
Huobi Global”