Sunday, April 28, 2024
Home > News > Bitcoin News > Huobi Appears to Have Suspended Mainland Chinese New User Registration — CoinDesk

Huobi Appears to Have Suspended Mainland Chinese New User Registration — CoinDesk

Just a day ago, the People’s Bank of China (PBoC) published a notice containing vastly stricter restrictions on crypto trading, so strict that they would effectively ban it, if enforced rigorously. According to the notice, which was co-signed by ten agencies, anyone facilitating trades is subject to legal prosecution, including those individuals who live inside China but work for off-shore crypto exchanges that provide service to China.

Source