Huobi Global to Suspend Chinese Accounts

Huobi Global, one of the major crypto exchanges, has announced that all accounts belonging to Chinese users will be suspended by the end of this year. It is stated that the accounts will be phased out until December 31, 2021.

Since the day it entered the market, it has been the subject of constant debate and people are undecided about whether to trust it or not. cryptocurrenciesAlthough it is officially recognized by some states, it is subject to various prohibitions by some states. As a result, those most affected by these bans are cryptocurrencies. investors is happening.

The other day, Bloomberg reported that all transactions related to cryptocurrencies Bank of China prohibited by the law and those who violate the ban punishment announced that it would be implemented. While the crypto money market, which has been at low levels for a long time, was in the recovery process, after this ban, the markets entered a downward trend again and even touched below $ 40 thousand. Along with the ban, cryptocurrency exchanges also started to stop transactions in China.

Chinese accounts suspended:

China’s largest cryptocurrency exchange Huobi Global, all accounts belonging to Chinese users by the end of this yearannounced that it will be phased out until December 31, 2021. After this announcement, Huobi’s token HT, which saw its highest level in May and was $ 40, fell to the levels of $ 5.85. In addition to Huobi Global, BHEX, a medium-sized exchange, has also decided to completely cease operations.

New registrations were stopped the other day:

Following the Chinese government’s restrictions, the People’s Bank of China declared transactions related to crypto assets illegal, and after this decision, Huobi, China’s largest cryptocurrency exchange, stopped new registrations. Huobi prevents Chinese users from signing up to the stock market with their mobile phone numbers, thus ban from china The first decision to be effective was taken.

Source :
https://uzmancoin.com/kripto-para-borsasi-huobi-global-tum-cinli-hesaplari-askiya-alacak/


source site