Huobi Global is freezing Chinese users' accounts!

#Huobi #Global, one of the world's leading #cryptocurrency exchanges, announced that all accounts of Chinese users will be suspended until the end of this year. It was stated that the accounts will be gradually removed from use until December 31, 2021.

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🚩Cryptocurrencies, which have been the subject of various discussions since the day they entered the market and people are hesitant to trust or not, have been officially accepted in some countries, but have faced various bans in some countries. As such, it was of course crypto money investors who were affected by these bans. In the past days, Bloomberg announced that all transactions related to cryptocurrencies are banned by the People's Bank of China and will punish those who ignore these bans. While the crypto money market, which has been at the lower levels for a long time, was in the recovery process, the markets fell again after these bans and even fell below $ 40 thousand. Along with the bans, cryptocurrency exchanges started to stop transactions in China.

Chinese accounts suspended until the end of the year
Huobi Global, the largest China-based cryptocurrency exchange, stated that it will gradually remove all accounts belonging to users in China by the end of this year, that is, until December 31, 2021. After these statements, Huobi's token HT, which reached the highest level in May and reached $ 40 thousand, fell to the level of $ 5.85. In addition to Huobi Global, #BHEX, a medium-sized exchange, also announced that it has decided to completely stop trading.

🚩Recently stopped on new registrations
Following restrictions by the Chinese government, the People's Bank of China declared transactions related to cryptocurrencies unlawful, and after this decision, Huobi Global, China's largest cryptocurrency exchange, also stopped new registrations. Huobi Global prevented users living in China from signing up to the stock market with their mobile phone numbers, and it was decided that the ban from China was effective. The information obtained on the subject is only this much, and more detailed information is expected to be obtained in the near future.