Focus on Arts and Ecology

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Crypto exchange Huobi Global to exit Chinese mainland by year end

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December 10, 2021 

Chinese cryptocurrency exchange Huobi Global announced on Sunday that it will cease all transactions by existing mainland users by the end of 2021,after deciding against accepting new customers last September.

Several cryptocurrency exchanges are slated to exit Chinese mainland market by the end of the year as China rolled out its most detailed regulations on banning cryptocurrency transactions and mining three months ago.

Huobi Global said in its statement the mainland users will not be able to purchase cryptocurrency at the platform from 11:00 a.m. Beijing Time on December 14. The company will shut down cryptocurrency exchanges on December 15 and tradings of crypto assets by 12:00 p.m. December 31.

(Sources: China Report)

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