Crypto Exchange giant, Huobi has announced yet another closure. This time around Houbi revealed that it will be suspending its crypto services in Singapore in lieu of increasing regulatory oversight. According to the exchange platform, the company has added Singapore to its “restricted jurisdiction” list to further comply with the country’s laws around digital assets.
The latest update in the Chinese crypto ban saw the largest crypto exchange platform, Huobi completely shut down futures, contracts, and other derivatives services for all Chinese users. Furthermore, according to previous notice from the exchange, the withdrawal function for mainland Chinese users will continue to be reserved for 1 to 2 years. However, the
The latest development in the Chinese Crypto ban has revealed that, as of October 7, over 20 virtual currency companies have suspended services for Chinese users, followed by an absolute withdrawal from the Chinese market, according to local news sources cited by the Chinese Journalist, Colin Wu on Twitter. China Securities Daily: Over 20 cryptocurrency