Large cryptobiruses banned registration for users from China. According to CNBC, access to the creation of new accounts for Chinese customers has closed the exchanges such as Huobi and Binance.
World Cryptobria Binance, founded in 2017 on the Cayman Islands, stated that registration using Chinese mobile phone numbers is now blocked, and the application is not available for downloading in the country. “Binance is very serious about its obligations and seeks to follow the requirements of local regulators, wherever we work,” the company spokesman said.
with the same statement was made by one of the world’s largest cryptobrge Huobi, located in the Seychelles. The company will not only stop the registration of new users from the mainland China, but also gradually remove existing accounts by midnight December 31, 2021.
The actions of cryptocyrje are associated with the recent rigid measures of Beijing in relation to cryptocurrencies. On September 24, the People’s Bank of China (analogue of the Central Bank) announced all operations with digital coins, including trade, illegal activities. Measures touched on foreign companies: now foreign exchanges are prohibited from providing mainland investors services.
After the news appeared in the media, the Bitcoin rate fell by 3.7 percent to 42,090.91 dollars. At the time of writing the news The most popular cryptocurrency costs 43,524.07 dollars.
China began fighting against cryptocurrency in May 2021. At the end of June, the Central Bank of the country ordered companies and payment systems to stop transactions in cryptocurrency, and in July the authorities banned the use of electricity for mining (digital coins production).