NewsAfter Huobi and Gate.io, KuCoin in turn expels Chinese...

After Huobi and Gate.io, KuCoin in turn expels Chinese users

KuCoin is the latest of the major exchange platforms to comply with Beijing guidelines. Chinese users will have until next December to close their accounts.

KuCoin expels its Chinese users

In the cryptosphere, we like to remember that China has banned cryptocurrencies for the umpteenth time, and that the government’s anger is just one more FUD in a rather gloomy autumn. However, this is the first time that so many exchanges have complied with China’s requirements , and KuCoin is the last of them.

In a statement released yesterday , the platform explains that it had hunted down Chinese users in 2017, when China had already banned cryptocurrencies. But following Beijing’s new positions, KuCoin confirms that it has ”  carried out a technical inspection , to ensure that the company’s business process complies with mainland China’s regulatory requirements  .”

Users have until December 31, 2021

The exchange asks affected users to transfer their assets to other platforms by midnight December 31, 2021 . KuCoin will send reminder messages to its users located in China until that date. As a reminder, the Huobi exchange had already carried out the same purge a week ago.

Also Read:

The Chinese repression therefore seems to continue to affect large platforms and sites . Last week, two Ether mining giants (ETH) were forced to close their doors . Even news sites seem concerned: we also learned at the end of last week that TradingView, CoinGecko and CoinMarketCap were now unavailable in China .

Florent Malice
Florent Malicehttps://www.newsalarms.com/
Malice is an Irish sports journalist and former amateur and part-time road bicycle racer, He wrote for The Sunday Times newspaper and others, and published a number of books.

Latest news

Embrace Wellness and Magic with The Pretty Hot Mess

Saratoga Springs, NY, 24th February 2024, ZEX PR WIRE, Welcome to The Pretty Hot Mess, where you’re not just...

InternationalReserve Unveils Key Strategies for Modern Investors to Navigate Evolving Financial Markets

Toronto, ON, Feb 23, 2024, ZEX PR WIRE, In response to the ever-evolving landscape of global finance, InternationalReserve today...

Those Needing An Emergency Plumber in Gloucester Can Rely on Plumbing Heroes This Spring and Summer

Gloucester, UK, 23rd February 2024, Plumbing Heroes, a 24/7 emergency plumbing and boiler repair call out business, wants to assure...

Breaking Borders: Seamless Online New Zealand Visa Applications Now Available in Germany, Ireland, Italy, Lithuania, and Poland

Wellington, New Zealand, 23rd February 2024, In a pioneering move towards global accessibility, New Zealand Visa Services has unveiled a...

Seamless Access to New Zealand: Revolutionizing Visa Applications Online

Wellington, New Zealand, 23rd February 2024, In a global landscape where travel is both a luxury and a necessity, accessibility...

Embrace Adventure: Discover New Zealand with Effortless Visa Solutions!

Wellington, New Zealand, 23rd February 2024, Embarking on a journey to the land of Kiwis and breathtaking landscapes has...

Must read

Hungama joins forces with BharatBox for an Unprecedented Digital Odyssey

BharatBox, in collaboration with The Sandbox announces the launch...

BharatBox & Mahabharata: A Metaverse Renaissance in Storytelling Brilliance

BharatBox, the India destination within The Sandbox, in collaboration...

Unlocking the Power of Belief: Ramsena Coin Introduces the First Hindu Cryptocurrency and Virtual Revolution.

Ramesena Coin, the world's biggest virtual connection of Hindutva,...

USD 19,500, the new key price of bitcoin to start an upward movement

Key facts: In the past, $19,500 has been a resistance...

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when...

You might also like
Recommended to you