Crypto exchange giants stop taking China usersBloombergTwo of the world’s largest bitcoin exchanges have halted new registrations for Chinese users, taking one of the first actions to comply with Beijing’s latest cryptocurrency ban. New sign-ups are still available for Hong Kong users on both platforms, but mainland China is no longer an option for new-account creation. Friday’s notice specifically called out offshore exchanges targeting Chinese users, banning them from hiring locally for roles from marketing to payment settlement and tech. Still, Chinese users have been able to access their services including over-the-counter trading and crypto-to-crypto transactions. In June, Huobi banned Chinese users from trading riskier products such as derivatives, after China’s Cabinet called for a renewed clampdown on crypto trading and mining.

Source: Taipei Times September 26, 2021 15:56 UTC