Bitcoin Exchanges Cut Ties With Chinese Users Following Beijing’s Latest Crypto Ban

Bitcoin Exchanges Cut Ties With Chinese Users Following Beijing’s Latest Crypto Ban
Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken on June 7, 2021. Edgar Su/Reuters
Updated:

Cryptocurrency exchange giants are cutting ties with Chinese users after Beijing vowed to crackdown on the virtual currency market last Friday.

Chinese cryptocurrency exchange Huobi Global said on Sunday it had stopped taking new customers in mainland China, effective from Friday. The prominent crypto exchange will retire existing mainland Chinese user accounts by the end of the year to keep in line with the new local regulations.

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