After the Chinese government declared all financial activities related to cryptocurrencies illegal, cryptocurrency exchanges began banning Chinese users from their systems. The last of the exchanges that took the aforementioned decision was Singapore-based KuCoin.
The Chinese government has been taking drastic measures against cryptocurrencies and exchanges in recent months. Cryptocurrency transactions Although it is stated that it is not reliable There is also the claim that the reason behind these moves is to make way for the government-backed cryptocurrency.
Following these measures taken by the government, cryptocurrency exchanges started to ban their users in China from the systems. The last exchange to implement this ban is Singapore-based cryptocurrency exchange called KuCoin it happened.
Exchanges try to comply with government decisions
Cryptocurrency exchange KuCoin announced today that all its users in mainland China They must withdraw their money from the platform by December 31st. announced. The company cited its efforts to comply with new regulatory measures as the reason behind this decision.
According to the decision, all Chinese customers will be liquidated. As it is known, it is connected with cryptocurrencies in China. all financial activities are illegal is accepted as For this reason, stock markets continue to make decisions in this context.
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Last week, one of the leading crypto exchanges, Huobi, has announced that by the end of the year, all Chinese users will close their accounts had announced.
All users affected by the ban will receive relevant information (deadline, what to do, etc.) from KuCoin. Will continue to receive emails.
Source :
https://www.coinkolik.com/kripto-varlik-islem-platformu-kucoin-2021in-sonuna-kadar-tum-cinli-users-forbid/