News Snapshot:
June 28, 2021 The crypto derivatives trading ban is also in addition to longstanding prohibitions of the use of its platform in places like Hong Kong, Japan, Cuba, Iran, North Korea, Sudan, Canada, and the United States, among others. The platform warned that users who violate these restrictions risk losing their accounts. Huobi’s ban on crypto derivatives trading for Chinese users is likely due to renewed cryptocurrency crackdowns from authorities in Beijing. Earlier in June, the platform stopped new users in the country from trading crypto derivatives while also reducing the allowable leverage from 125x to less than 5x. Chinese...
