Chinese investors are not giving up even as Huobi and Binance sever ties with mainland investors
Still, some Chinese investors who already have crypto holdings plan to carry on despite the legal risks and regulatory hostility
Still, some Chinese investors who already have crypto holdings plan to carry on despite the legal risks and regulatory hostility
The move comes on the heels of China widening crackdown on cryptocurrency transactions in September, with Huobi stating that it would offload its Chinese users by the end of 2021.
Huobi Global and Binance, two of the largest exchanges globally and popular with Chinese users, stopped new registrations of accounts by mainland customers
Huobi has launched a 15-day campaign with NGOs to raise funds in cryptocurrencies to support corona relief efforts