DeFi Coins Lead Market Rebound After Huobi Shuts Out Chinese Traders

From decrypt.co

This morning, Huobi announced that mainland Chinese investors could no longer sign up for accounts, and existing Chinese customers would have their accounts retired by December 31. Huobi’s restrictions follow the Chinese central bank’s decision to ban virtual currency trading earlier this week. The People’s Bank of China had already heavily restricted crypto trading, but its most recent notices are the strongest signals yet that the government wants to erase speculative crypto trading.The market promptly sank on Huobi’s announcement. Bitcoin fell from $42,200 to $40,890 and Etherum fell from $2,860 to $2,750. ... (full story)