The Thailand Securities and Exchange Commission (SEC) has announced to propose to the Ministry of Finance, permanent revocation of Huobi’s business license in the nation. Additionally, the Thai SEC has instructed Huobi exchange to subsist the suspension of its services in the country. Huobi has three months to return or buy back customers’ assets. This
With China’s recent crackdown on crypto trading, crypto exchange Huobi is introducing further restrictions on its platforms. In an exclusive revelation, Chinese crypto journalist Colin Wu reported that now restricted leverage margin to less than 5x for its existing Chinese users. This is a massive drop down considering that the previous leverage margin was 125x.
China’s recent crackdown on crypto miners and traders in the country has sent shock waves all across the crypto market. On Sunday, May 23, the crypto market entered a severe correction crashing another 14% as Chinese exchanges started curtailing their services to local Chinese investors. Soon after Huobi and OKEx announced limiting their services, stocks