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 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

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when it comes to blockchain and decentralized finance (DeFi). But it...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in November 2021 (nearly $ 3 trillion), the memories left by...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for payments for goods and services . This time, it's the South American...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced massive congestion resulting in higher transaction fees . Fortunately, second-layer solutions continue to...

The Bitcoin forever changed by this evolution

As of June 12, 2021, the Bitcoin Network (BTC) has been patiently awaiting the entry into force of its Taproot...

Regulation and taxation on cryptocurrency mining in Russia

The Duma wants to regulate Bitcoin and cryptocurrency mining in the country. The laws would notably make it possible to...

Must read

Blockchain IDOs and Presales You Should Know About

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

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced...

The Bitcoin forever changed by this evolution

As of June 12, 2021, the Bitcoin Network (BTC)...

You might also like
Recommended to you