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Cryptocurrency Exchanges Curb Trading From China After Beijing’s Warning

HONG KONG—One of many world’s largest cryptocurrency exchanges stated it might shut all consumer accounts in mainland China by the tip of the yr, days after the nation’s central financial institution declared all crypto-related transactions illegal.

Huobi World, which was based in 2013 and at the moment operates from workplaces in Singapore, South Korea, the U.S. and different nations, over the weekend stated it stopped permitting new prospects in mainland China to register accounts. The change may even steadily retire current accounts in China by the tip of 2021 to make sure the protection of its prospects’ belongings, it added.


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