Crypto exchange Huobi stops miner hosting services in China
Huobi, a cryptocurrency exchange has stopped its miners for hosting services in Mainland, China.
Huobi, a cryptocurrency exchange has stopped its miners for hosting services in Mainland, China. Due to the warnings from Chinese government that it may crackdown on cryptocurrency mining. Additionally, Huboi will stop selling crypto mining machines in China. Moreover, it has suspended and scaled back some of its products & services in certain countries as well. According to Huboi’s statement, owing to the recent dynamic changes in the market, to curb the interests of investors, a portion of services such as futures contracts, ETP, or other leveraged investments products are temporarily not available to the new users from some specific countries. Besides this, as per the given statement, Huobi has always strive to abide by the emerging policies and regulations of each jurisdiction to adhere to risk and preserve the well-being of its users and their assets. However, the exchange has not revealed the name of specific countries and region where it will stop the trading services and investments products.
