A Chinese language flag is seen amongst representations of Bitcoin and different cryptocurrencies on this illustration image taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Picture
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BEIJING, Sept 26 (Reuters) – Chinese language cryptocurrency trade Huobi World stated on Sunday it had stopped taking new mainland prospects from Friday and would finish contracts with mainland purchasers by the top of the 12 months to adjust to native rules.
China’s regulators intensified a crackdown on Friday, banning cryptocurrency transactions and mining, clarifying that abroad exchanges are barred from offering providers to mainland buyers through the web.
Huobi World stated in a press release it would conduct an orderly exit of its current mainland purchasers on the premise that security of their belongings is assured.
Reporting by Cheng Leng, Samuel Shen and Ryan Woo; Modifying by William Mallard
Our Requirements: The Thomson Reuters Trust Principles.
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