News Snapshot:
Crypto exchange stops taking China users as Beijing widens ban Huobi, China’s largest Bitcoin exchange, has halted new registrations for home users, taking one of many first actions to adjust to Beijing’s newest crypto ban. The exchange operator has stopped letting merchants use mainland China cellular numbers to register new accounts, after the People’s Bank of China stated Friday all crypto-related transactions might be thought of illicit monetary exercise. New sign-ups are nonetheless out there for Hong Kong users, however mainland China is not an choice for new-account creation. A Huobi spokesperson declined to remark. China’s newest pronouncement — issued...
