Huobi bans users in China, Taiwan from crypto derivatives trades


Source: forkast.news forkast.news

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Chinese cryptocurrency exchange Huobi, one of the world’s biggest crypto bourses, has stopped providing crypto derivative trading services to users in China and Taiwan, according to an updated user agreement . Fast facts: - The updated agreement, sent to investors in 10 jurisdictions, prohibits customers from using derivative trading services on Huobi’s platform. Huobi is already off limits to users in 11 jurisdictions, including Hong Kong. - The update comes following a reiteration by China of its crackdown on cryptocurrency trading. Huobi and other crypto exchanges, such as Binance and OKex, are blocked by mainland Chinese search engines and social...