Bitcoin exchanges Binance and Huobi stop taking mainland Chinese users as Beijing steps up crackdown on cryptocurrencies

Source: Tech – South China Morning PostTwo 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 crypto ban.Exchange operators Huobi and Binance have stopped letting traders use mainland China mobile numbers to register new accounts, after the People’s Bank of China said on Friday all crypto-related transactions will be considered illicit financial activity. New sign-ups are still available for Hong Kong users on both platforms, but…Read More

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