-
China’s Biggest Crypto Platform Knows There’s No Going Home
Hours before China issued its sweeping ultimatum against cryptocurrency trading, the industry’s last remaining giant player had already decided to call it quits.Huobi founders and backers voted unanimously at their shareholder meeting Sept. 24 that the crypto exchange, China’s largest, should leave its home market after years of growing government scrutiny. Later that day, Chinese regulators declared that all crypto transactions and services were banned in the country.Huobi ceased account registration for new users in mainland China almost immediately and announced two days later that it would remove existing ... (full story)
